On Optimal Privatisation

D. Sasaki and M. Wen

No 661, Department of Economics - Working Papers Series from The University of Melbourne

Abstract: This paper shows the possibility that, under certain conditions, it can be socially optimal for the public firm not to privatise its whole production capacity but to retain a part of it, even when private operation of the production facilities is strictly more cost-efficient than public operation.

Keywords: GAME THEORY; PRIVATIZATION; OLIGOPOLIES (search for similar items in EconPapers)
JEL-codes: D43 H42 L33 (search for similar items in EconPapers)
Pages: 20 pages
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:mlb:wpaper:661

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