研討日期

2014621日上午10:20 ~ 13:00

研討地點

台大社會科學院26教室

題目

Can cost asymmetry be a rationale for privatisation?

作者

Arijit MukherjeeUday Bhanu Sinha

文獻出處

International Review of Economics and Finance

報告人

丁虹仁

參加人員

黃鴻、梁文榮、林燕淑、陳宏易、呂得成、曹古駒、林晏如、王佳琪、周冰瑤、丁虹仁、王羿傑、許至乙、吳尚弈、施

摘要

   Cost asymmetries between the public and the private firms create a rationale for privatizing the public firms. We show that this argument is restrictive, since it does not allow for other ways of reducing production inefficiency, which creates the motivation for privatisation. If the profit maximising private firm is technologically superior to that of the welfare maximizing public firm, the society and the private firm benefit from technology licensing. Under technology licensing, both the equilibrium output of the private firm and the equilibrium degree of privatisation are zero. However, if cost asymmetry cannot be bridged by technology licensing due to costly and/or imperfect technology transfer, the argument in favour of privatisation remains.