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This paper examines the optimal privatization policy in vertically related markets in which an upstream public firm competes with a foreign private rival in supplying a produced input to the domestic and foreign downstream firms in the domestic market. It shows that if the upstream public firm's...
Persistent link: https://www.econbiz.de/10013006896
competition, increased private provision, and in some cases privatisation. This development is motivated by expected cost …
Persistent link: https://www.econbiz.de/10011437146
This paper analyses technology transfer and innovation activities by the high cost firm in a Cournot duopoly framework, where technology transfer between the firms may occur after the innovation decision. The two effects of innovation are to access the superior technology of the low cost firm if...
Persistent link: https://www.econbiz.de/10011112675
The aim of this paper is to investigate the welfare effect of privatization in oligopoly when the government takes into … gains, privatization never increases welfare. Moreover, even when large efficiency gains are realized, an inefficient public …
Persistent link: https://www.econbiz.de/10013139728
complete in quantities with a welfare-maximizing public firm. We consider two inefficiencies of the public sector : a possible … Stackelberg to Cournot equilibrium and that, absent efficiency gains privatization never increases welfare. Moreover, even when …
Persistent link: https://www.econbiz.de/10014151444
Persistent link: https://www.econbiz.de/10010432306
Persistent link: https://www.econbiz.de/10014440161
We develop a duopoly model with advertising supported platforms and analyze incentives of a superior firm to license its advanced technologies to an inferior rival. We highlight the role of two technologies characteristic for media platforms: The technology to produce content and to place...
Persistent link: https://www.econbiz.de/10010305860
contract. Both these effects may create higher consumer welfare under market power of the input supplier compared to a …
Persistent link: https://www.econbiz.de/10010435742
contract. Both these effects may create higher consumer welfare under market power of the input supplier compared to a …
Persistent link: https://www.econbiz.de/10010438381