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Privatization in oligopoly: the impact of the shadow cost of public funds
The aim of this paper is to investigate the welfare effect of privatization in oligopoly when the government takes into account the distortionary effect of rising funds by taxation (shadow cost of public funds). We ...
On the FDI: attracting property of privatization
In the present paper we provide an explanation of why privatization may attract foreign investors willing to enter a regional market. Privatization turns the formerly-public rm into a less aggressive competitor since ...