Partial Privatization, Foreign Competition, and Incentives for

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Title:	Partial Privatization, Foreign Competition, and Incentives for
Authors:	ChenTai-Liang WangLeonard F.S. WangYa-Chin
Keywords:	Mixed Oligopoly Partial Privatization Merger Horizontal Differentiation
Date:	2008-12-15
Issue Date:	2009-08-13 23:36:25 (UTC+8)
Abstract:	We considered in a single international mixed oligopoly market, firms producehorizontal differentiated commodity, and found that the optimal privatization policy ismonotonic in the differentiated degree of commodity characters whether public firmmerger with domestic private firm or not; The degree of privatization ismonotonically increasing with the more number of foreign private firm entry. Eventhough social welfare improving promotes public firm to merge, but private owner’sincentives to merge are influenced by the degree of privatization, the differentiateddegree of commodity and numbers of foreign firm simultaneously.
Appears in Collections:	[金融管理系] 會議論文

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