Public Enterprise Privatization: A General Equilibrium Analysis
學年 104
學期 2
出版（發表）日期 2016-04-13
作品名稱 Public Enterprise Privatization: A General Equilibrium Analysis
作品名稱（其他語言）
著者 Chung‐Yu, Wu; Wen‐Jung, Liang; Chao‐Cheng, Mai
單位
出版者
著錄名稱、卷期、頁數 Review of Development Economics 20(2), p.456-467
摘要 This paper develops a general equilibrium model a la Melitz (2003) and Melitz and Ottaviano (2008) to examine the short-run and long-run optimal privatization policies. By assuming that all firms are public firms initially, the paper focuses on how the degree of product differentiation and the average efficiency of the industry influence the determination of the optimal privatization policy. The paper shows that privatization decreases the more efficient firms’ outputs while increases the less efficient firms’ outputs in the short-run, and reduces all firms’ outputs in the long-run. The paper also shows that the bigger the degree of product differentiation and the smaller the number of firms are, the more privatized will be the public firm in the short-run. Moreover, as the degree of product differentiation (γ) or the entry barrier (fE) is sufficiently small, full privatization is the best policy in the long-run. On the contrary, as γ and fE are large enough, partial privatization is optimal.
關鍵字 Public Enterprise Privatization;General Equilibrium Model;Cost Heterogeneity;Product Differentiation;the Average Efficiency of the Industry
語言 en_US
ISSN 1363-6669
期刊性質 國外
收錄於 SSCI NotTSSCI
產學合作
通訊作者 Chao‐Cheng, Mai
審稿制度 是
國別 USA
公開徵稿
出版型式 ,電子版
相關連結

機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/113391 )

SDGS 產業創新與基礎設施