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Titolo:
Privatisation and market structure in a transition economy
Autore:
Bennett, J; Maw, J;
Indirizzi:
Brunel Univ, Dept Econ & Finance, Uxbridge UB8 3PH, Middx, England Brunel Univ Uxbridge Middx England UB8 3PH bridge UB8 3PH, Middx, England Univ Wales, Dept Econ, Swansea SA2 8PP, W Glam, Wales Univ Wales Swansea W Glam Wales SA2 8PP n, Swansea SA2 8PP, W Glam, Wales
Titolo Testata:
JOURNAL OF PUBLIC ECONOMICS
fascicolo: 3, volume: 77, anno: 2000,
pagine: 357 - 382
SICI:
0047-2727(200009)77:3<357:PAMSIA>2.0.ZU;2-G
Fonte:
ISI
Lingua:
ENG
Soggetto:
PRIVATIZATION; EQUILIBRIUM; FIRM;
Keywords:
privatisation; transition economy; market structure;
Tipo documento:
Article
Natura:
Periodico
Settore Disciplinare:
Social & Behavioral Sciences
Citazioni:
22
Recensione:
Indirizzi per estratti:
Indirizzo: Bennett, J Brunel Univ, Dept Econ & Finance, Uxbridge UB8 3PH, Middx, England Brunel Univ Uxbridge Middx England UB8 3PH 3PH, Middx, England
Citazione:
J. Bennett e J. Maw, "Privatisation and market structure in a transition economy", J PUBLIC EC, 77(3), 2000, pp. 357-382

Abstract

A model is developed in which an industry of N greater than or equal to 1 firms is privatised. The 'participation' method of privatisation is used, whereby firms are sold for cash, but the state retains a proportionate shareof ownership. In each firm the new private owner has the opportunity to make a reorganisational investment, before output is produced. This investment is unobservable by the state, and therefore non-contractible, There is Cournot competition in the product market. The welfare-maximising retained ownership share for the state is analysed, taking into account that potentialbuyers of firms may have limited access to finance. (C) 2000 Elsevier Science S.A. All rights reserved.

ASDD Area Sistemi Dipartimentali e Documentali, Università di Bologna, Catalogo delle riviste ed altri periodici
Documento generato il 26/01/21 alle ore 03:46:32