the private firm and one where foreign shareholders completely own it. In the domestic mixed duopoly, BBPD is irrelevant … from the viewpoint of social welfare. This is because poaching does not occur. In the international mixed duopoly, BBPD … improves domestic social welfare, as it allows the public firm to lower its poaching price. In both cases, privatization is …

product differentiation and the cross-country distribution of private firms affect the strategic privatization choices made by … firms, and privatization to be global welfare enhancing in this case. …