Economic Integration and Privatization of Publicly-owned Firms

Juan Carlos Bárcena Ruiz and María Begoña Garzón San Felipe
Authors registered in the RePEc Author Service: Juan Carlos Bárcena-Ruiz

No 1134-8984, BILTOKI from Universidad del País Vasco - Departamento de Economía Aplicada III (Econometría y Estadística)

Abstract: [EN] We analyse in this paper whether it should be the government of each country that decides whether to privatise a publicly-owned firm (non integration) or whether a supra-national authority should decide whether publicly-owned companies in the different countries should be privatised (economic integration). We assume that there are two countries which form a single market in which there is free trade and each country has one publicly-owned company and n private companies. We show that the aggregate social welfare is greater if there is a supra-national authority which decides whether or not privatise publicly-owned companies. Moreover, we obtain that it is better that the publicly-owned companies be owned by the countries in which they are located instead of that these firms be owned by the supranational authority.

Keywords: economic integration; mixed oligopoly; privatization; international trade; comercio internacional; integración económica; empresas públicas; privatización (search for similar items in EconPapers)
Date: 2001-12
References: Add references at CitEc
Citations:

Downloads: (external link)
https://addi.ehu.eus/handle/10810/5746 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ehu:biltok:5746

Ordering information: This working paper can be ordered from
Dpto. de Econometría y Estadística, Facultad de CC. Económicas y Empresariales, Universidad del País Vasco, Avda. Lehendakari Aguirre 83, 48015 Bilbao, Spain

Access Statistics for this paper

More papers in BILTOKI from Universidad del País Vasco - Departamento de Economía Aplicada III (Econometría y Estadística) Contact information at EDIRC.
Bibliographic data for series maintained by Alcira Macías ().