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We analyze privatization in a differentiated oligopoly setting with a domestic public firm and foreign profit-maximizing firms. In particular, we examine pricing below marginal cost by public firm, the optimal degree of privatization and, the relationship between privatization and foreign...
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Books reviewed: Quantifying the Impact of Technical Barriers to Trade: Can It Be Done? Keith Maskus and John Wilson, (eds) Ann Arbor: University of Michigan Press. Too Sensational: On the Choice of Exchange Rate Regimes, by W. Max Corden, Cambridge, MA: MIT Press
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We explore the managerial implications and economic consequences of platform sharing under models of horizontal and vertical product differentiation. By using a common platform across different products, firms can save on fixed costs for platform development. At the same time, platform sharing...
Persistent link: https://www.econbiz.de/10012465596
We look at privatization in a general equilibrium model of a small, tariff-distorted, open economy. There is a differentiated good produced by both private and public sector enterprises. A reduction in government production in order to cut losses from such production raises the returns to...
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