Privatization Policy in an International Oligopoly

Arbeitspapier

This paper studies privatization policy in an international oligopoly. The argument that equal treatment of foreign investors will be detrimental to domestic welfare by shifting profits from domestic to foreign firms is shown to be less relevant in privatization auctions than in greenfield FDI models, since these profit shifts are partly paid for by the foreign firms in the bidding competition. Effects of local equity requirements, trade and investment policies are also studied. It is, for instance, shown that small local equity requirements are likely to be beneficial but large ones are counterproductive, by preventing welfare-enhancing foreign acquisitions.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: IUI Working Paper ; No. 608

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Multinational Firms; International Business ; Oligopoly and Other Imperfect Markets ; Comparison of Public and Private Enterprises and Nonprofit Institutions; Privatization; Contracting Out
• Thema: Privatization ; Acquisitions ; National Treatment ; Investment Policy ; Trade Policy ; Privatisierung ; Oligopol ; International ; Direktinvestition ; Theorie

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Norbäck, Pehr-Johan ; Persson, Lars
• Ereignis: Veröffentlichung
• (wer): The Research Institute of Industrial Economics (IUI)
• (wo): Stockholm
• (wann): 2003

Weitere Informationen

• Handle: http://hdl.handle.net/10419/81175
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ