Partial Privatization in a Differentiated Mixed Oligopoly
Partial Privatization in a Differentiated Mixed Oligopoly
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DOI：
10.1007/s00712-007-0267-1
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发表时间：
2007-07
影响因子：
1.7
通讯作者：
K. Fujiwara
中科院分区：
文献类型：
--
作者：
K. Fujiwara
建立了一个差异化混合寡头垄断模型，系统地讨论了上市公司部分私有化的福利后果。我们分析得出的最优程度的部分私有化不仅在短期内限制进入，而且在长期内自由进入。结果表明，短期最优策略在品种偏好程度上是非单调的，而长期最优私有化程度在品种偏好程度上是单调递增的。
A model of differentiated mixed oligopoly is developed to systematically discuss the welfare consequences ofpartialprivatization of a public firm. We analytically derive the optimal degree of partial privatization not only in the short run with restricted entry but also in the long run with free entry. It is shown that the short-run optimal policy is non-monotonic in the degree of love of variety, while the optimal degree of privatization is monotonically increasing in the consumer's preference for variety in the long run.