On Optimal Privatisation
AbstractThis paper shows the possibility that, under certain conditions, it can be socially optimal for the public firm not to privatise its whole production capacity but to retain a part of it, even when private operation of the production facilities is strictly more cost-efficient than public operation.
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Bibliographic InfoPaper provided by The University of Melbourne in its series Department of Economics - Working Papers Series with number 661.
Length: 20 pages
Date of creation: 1998
Date of revision:
Contact details of provider:
Postal: Department of Economics, The University of Melbourne, 5th Floor, Economics and Commerce Building, Victoria, 3010, Australia
Phone: +61 3 8344 5289
Fax: +61 3 8344 6899
Web page: http://www.economics.unimelb.edu.au
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GAME THEORY ; PRIVATIZATION ; OLIGOPOLIES;
Find related papers by JEL classification:
- L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Comparison of Public and Private Enterprise and Nonprofit Institutions; Privatization; Contracting Out
- H42 - Public Economics - - Publicly Provided Goods - - - Publicly Provided Private Goods
- D43 - Microeconomics - - Market Structure and Pricing - - - Oligopoly and Other Forms of Market Imperfection
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