Implicit protectionism via state enterprises and technology transfer from foreign enterprises
Implicit protectionism via state enterprises and technology transfer from foreign enterprises
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DOI：
10.1111/roie.12468
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发表时间：
2020-02
影响因子：
1
通讯作者：
Junichi Haraguchi;Toshihiro Matsumura
中科院分区：
文献类型：
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作者：
Junichi Haraguchi;Toshihiro Matsumura
我们建立了一个混合三寡头垄断，其中一个国有企业与一个国内和一个外国私营企业竞争。民营企业可以将自己的技术转让给民营竞争对手，降低了竞争对手的生产成本。我们表明，如果私有化政策是内生的，外国公司自愿转让其技术，即使没有费用。我们还表明，国内私营企业不转让其技术的外国公司。因此，国内私营企业从外国企业那里榨取租金，增加其市场份额。我们还表明，外国企业可能会战略性地提高其当地的所有权份额，这意味着国有企业的存在及其潜在的未来私有化作为一种产业政策，提高国内企业的竞争优势相对于外国企业或隐含的外国所有权监管。
We formulate a mixed triopoly in which one state enterprise competes with one domestic and one foreign private enterprise. The private enterprise can transfer its technology to the private rival, which reduces the rival's production cost. We show that if the privatization policy is endogenous, the foreign firm voluntary transfers its technology, even without fees. We also show that the domestic private firm does not transfer its technology to the foreign firm. Consequently, the domestic private enterprise extracts rents from the foreign enterprise and increases its market share. We also show that the foreign enterprise may strategically raise its local ownership share, which implies that the existence of a state enterprise and its potential future privatization serve as an industrial policy that improves the domestic firm's competitive advantage relative to the foreign enterprise or the implicit foreign ownership regulation.