作者
Simon P Anderson, André De Palma, Jacques-François Thisse
发表日期
1997/12/1
期刊
European Economic Review
卷号
41
期号
9
页码范围
1635-1654
出版商
North-Holland
简介
We consider a market in which a public firm competes against private ones, and ask what happens when the public firm is privatized. In the short run, privatization is harmful because prices rise: the disciplinary role of the public firm is lost. In the long run, privatization leads to further entry; the net effect is beneficial if consumer preference for variety is not too weak. A sufficient statistic for the social surplus to be higher in the long run is that the public firm makes a loss. This suggests that profitable firms should not necessarily be privatized.
引用总数
学术搜索中的文章
SP Anderson, A De Palma, JF Thisse - European Economic Review, 1997