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| Author: | Fershtman, C. |
| Title: | The interdependence between ownership status and market sturcture: The case of privatization. |
| Journal: | Economica
1990 : AUG, VOL. 57:227, p. 319-328 |
| Index terms: | PRIVATIZATION MARKET STRUCTURE STATUS |
| Language: | eng |
| Abstract: | The possible effects of privatization policy are examined considering the market structure in which a firm operates and in particular the relationship between ownership and market structure. It is shown that privatization can lead to lower profit if the firm operates in a duopolistic market. This result holds even if nationalization is associated with some degree of inefficiency. The degree of nationalization also affects the interaction between an incumbent firm and a potential entrant. It is shown that a firm may not be a natural monopoly while being privatized but that alteration of its ownership status may affect the market structure in which firms operate. |
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