liberalization and their privatization which can be complete or partial such that upstream production is still run by an SOE. We show … in most cases even if a holdup problem exists. For any vertically separated structure we find that privatization through … multi-product firms welfare dominates privatization through single-product firms. -- Privatization ; vertical integration …

The purpose of this paper is to investigate the effect of privatization in a mixed duopoly, where a private firm …). Furthermore, we analyze the effect of privatization on the timing of competition by endogenezing the determination of simultaneous … especially relevant for the analysis of privatization, given that results and policy prescription emerged in the literature …

In this paper it is argued that privatization is not the only alternative to public ownership. Adopting the incomplete … contract approach, it is shown that partial privatization may well be the optimal ownership structure. While in the standard … privatization can be optimal since it mitigates the disadvantages of public ownership (no incentives to improve quality if the …

privatization in the presence of the environmental pollution. When the residents' environmental preference is introduced to the … public firm's objective function, we mainly find that privatization may increase the public firm's output, decrease the … studies on privatization. Moreover, Cournot competition and Stackelberg competition are separately analyzed to show that our …

the privatization. The two key mechanisms explaining the results are: (i) a government owner keeping control takes into …

intensive and have higher labor costs. Thus, evidence from this study could be interpreted to mean that privatization could …