研討日期

2022124日上午10:30~ 12:30

研討地點

國立臺灣大學710 討論室

主講題目

Title of the paper

An analysis of entry-then-privatization model: welfare and policy implications

作者

Authors of the paper

Sang-Ho Lee, Toshihiro Matsumura, Susumu Sato

文獻出處

Journal, vol.(issue), pp

Journal of Economics (2018) 123:71–88

https://doi.org/10.1007/s00712-017-0559-z

主講人

陳彥勲

參加人員

陳彥勲、林燕淑、施姵全、梁文榮、彭正浩、黃鴻、Ayu Sasni MunteDong Van ChungSuttiwan Suwannajoi、許至乙、蘇家叡、郭文忠

摘要

Abstract of the paper

This study formulates a new model of mixed oligopolies in free entry markets. A state-owned public enterprise is established before the game, private enterprises enter the market, and then the government chooses the degree of privatization of the public enterprise (termed the entry-then-privatization model herein). We find that under general demand and cost functions, the timing of privatization does not affect consumer surplus or the output of each private firm, while it does affect the equilibrium degree of privatization, number of entering firms, and output of the public firm. The equilibrium degree of privatization is too high (low) for both domestic and world welfare if private firms are domestic (foreign).