Add to ORKGWhen government can control public firms through a complete contract even when they are privatized, privatization is a varied governance structure of public firms. From the viewpoint of social welfare, privatization of public firms is always preferable in monopoly industries when an agency cost for government is reduced by privatization. But it is not always preferable in mixed duopoly industries since it leads to overinvestment by privatized firms and underinvestment by private firms. When a bureaucrat who is risk-neutral but protected by limited liabilities manages the public firm, the investment level of the firm depends on the reservation utility of the bureaucrat. There exists an interval of reservation utility value for which privatiz...
By introducing the government's preference for tax revenues into the theoretical framework of unioni...
This paper first examines a price-setting mixed duopoly game with production subsidies where a publi...
The purpose of this article is to investigate how the introduction of the shadow cost of public fund...
We analyse the relationship between the privatization of a public firm and government preferences fo...
By introducing the government’s preference for tax revenues into the theoretical framework of unioni...
We consider a market in which a public firm competes against privates ones, and ask what happens whe...
We consider a market in which a public firm competes against private ones, and ask what happens when...
The purpose of this paper is to investigate the effect of privatization in a mixed duopoly, where a ...
We analyse the relationship between the privatization of a public firm and government preferences fo...
In this paper we consider mixed oligopoly markets for differentiated goods where private and public ...
Abstract. International organizations promote privatization as precondition for economic de-velopmen...
In this article, the authors consider mixed oligopoly markets for differentiated goods, where privat...
We consider domestic and international competitions with one public leader firm and one follower pri...
Previous research examining mixed duopolies shows that the use of an optimal incentive contract for ...
We will consider a mixed Bertrand duopoly model (that means, two firms decide simultaneously their p...
By introducing the government's preference for tax revenues into the theoretical framework of unioni...
This paper first examines a price-setting mixed duopoly game with production subsidies where a publi...
The purpose of this article is to investigate how the introduction of the shadow cost of public fund...
We analyse the relationship between the privatization of a public firm and government preferences fo...
By introducing the government’s preference for tax revenues into the theoretical framework of unioni...
We consider a market in which a public firm competes against privates ones, and ask what happens whe...
We consider a market in which a public firm competes against private ones, and ask what happens when...
The purpose of this paper is to investigate the effect of privatization in a mixed duopoly, where a ...
We analyse the relationship between the privatization of a public firm and government preferences fo...
In this paper we consider mixed oligopoly markets for differentiated goods where private and public ...
Abstract. International organizations promote privatization as precondition for economic de-velopmen...
In this article, the authors consider mixed oligopoly markets for differentiated goods, where privat...
We consider domestic and international competitions with one public leader firm and one follower pri...
Previous research examining mixed duopolies shows that the use of an optimal incentive contract for ...
We will consider a mixed Bertrand duopoly model (that means, two firms decide simultaneously their p...
By introducing the government's preference for tax revenues into the theoretical framework of unioni...
This paper first examines a price-setting mixed duopoly game with production subsidies where a publi...
The purpose of this article is to investigate how the introduction of the shadow cost of public fund...