Partial Privatization Policy and the R&D Risk Choice in a Mixed Duopoly Market

2018 ◽  
Vol 87 (1) ◽  
pp. 60-80 ◽  
Author(s):  
Mingqing Xing
2009 ◽  
Vol 61 (2) ◽  
pp. 165-178 ◽  
Author(s):  
John S. Heywood ◽  
Guangliang Ye

2009 ◽  
Vol 77 (3) ◽  
pp. 373-397 ◽  
Author(s):  
YASUO SANJO

Author(s):  
Jiancai Pi ◽  
Jun Yin

Abstract This paper explores the unemployment and welfare effects of privatization through the Harris-Todaro model with a mixed duopoly. Our approach is more generalized than the existing literature. When capital is sector-specific (i. e., it is in the short run), an increase in the degree of partial privatization will raise the unemployment rate, but the change of social welfare is conditional on the market share of the public firm and the relative degree of partial privatization. When capital is sector-mobile (i. e., it is in the long run), an increase in the degree of partial privatization will reduce the unemployment rate, but the change of social welfare is also dependent on the market share of the public firm and the relative degree of partial privatization. Our results capture the fact that the public firm and the private firm usually coexist in a competitive environment in the real world.


2008 ◽  
Vol 95 (3) ◽  
pp. 213-231 ◽  
Author(s):  
Koji Ishibashi ◽  
Toyokazu Kaneko

1998 ◽  
Vol 70 (3) ◽  
pp. 473-483 ◽  
Author(s):  
Toshihiro Matsumura

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