Economics at your fingertips  

Partial Ownership For The Public Firm And Competition

Sang-Ho Lee () and Hae‐Shin Hwang

The Japanese Economic Review, 2003, vol. 54, issue 3, 324-335

Abstract: This paper investigates the issue of partial ownership (partial privatization) of a state‐owned public enterprise. We elaborate on the framework of Matsumura (1998) by allowing for managerial inefficiency, and show that under moderate conditions partial ownership is a reasonable choice of government in a monopoly market as well as in a mixed duopoly market, where a public firm competes with a profit‐maximizing private firm. We also provide some economic rationale on the result that neither full privatization nor full nation‐alization is optimum.

Date: 2003
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (28) Track citations by RSS feed

Downloads: (external link)

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:

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=1352-4739

Access Statistics for this article

The Japanese Economic Review is currently edited by Akira Okada

More articles in The Japanese Economic Review from Japanese Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().

Page updated 2021-01-16
Handle: RePEc:bla:jecrev:v:54:y:2003:i:3:p:324-335