Publication: Privatization Policies by National and Regional Governments
Authors
Martínez Sánchez, Francisco
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Publisher
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DOI
https://doi.org/10.1142/S0219198921500110
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info:eu-repo/semantics/article
Description
© 2021. This document is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/
This document is the submitted version of a published work that appeared in final form in
International Game Theory Review
Abstract
In order to analyze the privatization policies undertaken by the national and regional governments, I consider a horizontal differentiation model with price competition in which a country consists of two regions of different sizes. I show that public-sector intervention by either the national or regional government is essential for achieving the social optimum. The preferences of consumers and firms about privatization policy are completely opposite: consumers prefer a regional public-sector intervention, while firms prefer a national public-sector intervention. Finally, I find that the preferences of the two regions about market structures are also opposite: the least populated region prefers the private duopoly, while the most populated region prefers a government intervention in the market.
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Citation
International Game Theory ReviewVol. 24, No. 02, 2150011 (2022)
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