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In this paper we study how privatization and deregulation of production of intermediate goods influence capital … are mostly due to increased competition on the deregulated market and that the privatization of state enterprises is not …
Persistent link: https://www.econbiz.de/10014063350
Starting from an industry where production is provided by a public monopolist, we look at the effects on the consumers' surplus of a sequence of reforms in network industry. Using a simple comparative statics framework, we find indifference conditions in consumers' surplus between respectively...
Persistent link: https://www.econbiz.de/10013028353
the state, and therefore non-contractible. There is Cournot competition in the product market. The welfare …
Persistent link: https://www.econbiz.de/10014140657
market demand, port competition factors in port privatization. …The authors examine a mixed duopoly market with Cournot or Bertrand competition between a purely private port (port 1 … analytically derive the welfare effect of privatization of port 2 and determine the optimal degree of privatization. Under Cournot …
Persistent link: https://www.econbiz.de/10011943387
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 …
Persistent link: https://www.econbiz.de/10003871843
determining the success or failure of policies of liberalisation and privatization, illustrates the need for a concise theoretical …
Persistent link: https://www.econbiz.de/10012734628
This paper studies the effect of soft-budget constraints in a pure adverse selection model of monopoly regulation. We consider a government maximizing total surplus but incurring some cost of public funds à la Laffont Tirole (1993). We propose a regulatory set-up in which firms are free to...
Persistent link: https://www.econbiz.de/10014052152
This paper examines how the degree of interbank competition affects real economic growth, growth patterns, and consumer …
Persistent link: https://www.econbiz.de/10013491622
competition between private firms for the best motivated workers leads to higher wage cost than under the public monopsony …
Persistent link: https://www.econbiz.de/10013152350
This paper examines the optimal privatization policy in vertically related markets in which an upstream public firm … and the resulting profit margin is positive. However, complete privatization is never optimal. Numerical simulations … reveal both the diverse optimal privatization regimes and the patterns of optimal privatization levels with varying numbers …
Persistent link: https://www.econbiz.de/10013006896