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Privatization and timing in a mixed oligopoly with both foreign and domestic firms

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Privatization and timing in a mixed oligopoly with both foreign and domestic firms. / Heywood, John; Ye, Guangliang.
In: Australian Economic Papers, Vol. 48, No. 4, 12.2009, p. 320-332.

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Heywood J, Ye G. Privatization and timing in a mixed oligopoly with both foreign and domestic firms. Australian Economic Papers. 2009 Dec;48(4):320-332. doi: 10.1111/j.1467-8454.2009.00379.x

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Heywood, John ; Ye, Guangliang. / Privatization and timing in a mixed oligopoly with both foreign and domestic firms. In: Australian Economic Papers. 2009 ; Vol. 48, No. 4. pp. 320-332.

Bibtex

@article{6af9e57bed48432783191171cf87a5fa,
title = "Privatization and timing in a mixed oligopoly with both foreign and domestic firms",
abstract = "This paper models a mixed oligopoly with both a domestic and a foreign private firm and examines the resulting timing in the quantity setting game. We demonstrate that with a single simultaneous pre-game delay stage, the resulting endogenous timing has either the public firm leading or the two private firms leading. An alternative characterisation of the pre-game stage results in the single timing in which the two private firms lead and the public firm follows. For all timings that emerge endogenously, we show that privatisation will always lower domestic welfare but its influence on global welfare is ambiguous.",
author = "John Heywood and Guangliang Ye",
year = "2009",
month = dec,
doi = "10.1111/j.1467-8454.2009.00379.x",
language = "English",
volume = "48",
pages = "320--332",
journal = "Australian Economic Papers",
issn = "0004-900X",
publisher = "Wiley-Blackwell",
number = "4",

}

RIS

TY - JOUR

T1 - Privatization and timing in a mixed oligopoly with both foreign and domestic firms

AU - Heywood, John

AU - Ye, Guangliang

PY - 2009/12

Y1 - 2009/12

N2 - This paper models a mixed oligopoly with both a domestic and a foreign private firm and examines the resulting timing in the quantity setting game. We demonstrate that with a single simultaneous pre-game delay stage, the resulting endogenous timing has either the public firm leading or the two private firms leading. An alternative characterisation of the pre-game stage results in the single timing in which the two private firms lead and the public firm follows. For all timings that emerge endogenously, we show that privatisation will always lower domestic welfare but its influence on global welfare is ambiguous.

AB - This paper models a mixed oligopoly with both a domestic and a foreign private firm and examines the resulting timing in the quantity setting game. We demonstrate that with a single simultaneous pre-game delay stage, the resulting endogenous timing has either the public firm leading or the two private firms leading. An alternative characterisation of the pre-game stage results in the single timing in which the two private firms lead and the public firm follows. For all timings that emerge endogenously, we show that privatisation will always lower domestic welfare but its influence on global welfare is ambiguous.

U2 - 10.1111/j.1467-8454.2009.00379.x

DO - 10.1111/j.1467-8454.2009.00379.x

M3 - Journal article

VL - 48

SP - 320

EP - 332

JO - Australian Economic Papers

JF - Australian Economic Papers

SN - 0004-900X

IS - 4

ER -