Arbeitspapier
Privatization and Foreign Competition
This paper determines the equilibrium market structure in a mixed international oligopoly, where the state assets are sold at an auction. The model suggests that low greenfield costs and low trade costs induce foreign acquisitions. The intuition is that domestic firms can then not prevent foreign firms from becoming strong competitors and thus, their willingness to pay for the state assets is low. We also find that profit shifting from domestic to foreign firms generated by National Treatments clauses is partly paid for by the foreign investor in the bidding competition over the state assets.
- Sprache
-
Englisch
- Erschienen in
-
Series: IUI Working Paper ; No. 545
- 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
Failing firms
FDI
Acquisitions
National treatment
Privatisierung
Übernahme
Auslandsinvestition
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Persson, Lars
Norbäck, Pehr-Johan
- Ereignis
-
Veröffentlichung
- (wer)
-
The Research Institute of Industrial Economics (IUI)
- (wo)
-
Stockholm
- (wann)
-
2001
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Persson, Lars
- Norbäck, Pehr-Johan
- The Research Institute of Industrial Economics (IUI)
Entstanden
- 2001
Ähnliche Objekte (12)
Airport privatization and international competition
Port competition and welfare effect of strategic privatization
On Foreign Participation and Hiring Patterns After Privatization
Reluctant Privatization
Voucher Privatization
Foreign direct investment, competition and industry performance
Partial privatization and firm performance
Privatization and stock market liquidity
Privatization, Investment and Ownership Efficiency
Political Environment and Privatization Prices
Privatization, competition and corruption: How characteristics of bribe takers and payers after bribe payments to utilities
The optimal port privatization levels under inter-port competition: Considering both horizontal and vertical differentiation
Airport privatization and international competition
Port competition and welfare effect of strategic privatization
On Foreign Participation and Hiring Patterns After Privatization
Reluctant Privatization
Voucher Privatization
Foreign direct investment, competition and industry performance
Partial privatization and firm performance
Privatization and stock market liquidity
Privatization, Investment and Ownership Efficiency
Political Environment and Privatization Prices
Privatization, competition and corruption: How characteristics of bribe takers and payers after bribe payments to utilities
The optimal port privatization levels under inter-port competition: Considering both horizontal and vertical differentiation
Airport privatization and international competition
Port competition and welfare effect of strategic privatization
On Foreign Participation and Hiring Patterns After Privatization
Reluctant Privatization
Voucher Privatization
Foreign direct investment, competition and industry performance
Partial privatization and firm performance
Privatization and stock market liquidity
Privatization, Investment and Ownership Efficiency
Political Environment and Privatization Prices
Privatization, competition and corruption: How characteristics of bribe takers and payers after bribe payments to utilities