Publications

Detailed Information

The Optimal Government Shareholding Strategy and the Cost Structure

Cited 0 time in Web of Science Cited 0 time in Scopus
Authors

Huang, ChinShu; Lee, JenYao; Chen, ShihShen

Issue Date
2006-04
Publisher
Institute of Economic Research, Seoul National University
Citation
Seoul Journal of Economics, Vol.19 No.2, pp. 251-274
Keywords
public firmmixed oligopolyPrivatizationmixed ownership enterprise
Abstract
This paper analyzes government's optimal shareholding strategy within the framework of the mixed oligopoly. It is found that: (1) When both public and domestic firms have the same cost coefficient, the government's best policy is to adopt the full mixed oligopoly. (2) When the cost coefficient of the public firm is lower than a threshold value, the government should opt for a full mixed-oligopoly policy. However, when the public firm's cost coefficient is higher than the threshold value, the government should privatize the public firm completely and exit the market. The single mixed oligopoly is just an alternative proposal when it fails to transform all of the private firms into mixed ownership enterprises.
ISSN
1225-0279
Language
English
URI
https://hdl.handle.net/10371/1354
Files in This Item:
Appears in Collections:

Altmetrics

Item View & Download Count

  • mendeley

Items in S-Space are protected by copyright, with all rights reserved, unless otherwise indicated.

Share