TITLE:
Excessive Privatization in an International Mixed Oligopoly: Normative View
AUTHORS:
Lihua Han
KEYWORDS:
Public Firms, International Mixed Duopoly, Privatization
JOURNAL NAME:
Theoretical Economics Letters,
Vol.5 No.5,
October
21,
2015
ABSTRACT: This paper analyzes a
mixed oligopoly model with two countries each with public and private firms
competing in a third country market. We formulate a third country model often
used in the field of international trade, and show that there is excessive
privatization if the governments adopt the degree of privatization as a policy
device.