标题:The Relationship between Privatization and Regulation on Foreign Investment Policies
作者:Lihua Han;Hikaru Ogawa
作者机构:1School of Political Science and Public Administration, Shandong University, Jinan, China;2School of Economics, Nagoya Universit
来源:Theoretical Economics Letters
出版年:2015
期:1
页码:97-102
DOI:10.4236/tel.2015.51014
摘要:Using a simple mixed oligopoly model, this paper examines the relationship between market-openings to foreign capital and privatization of a domestic public firm. Two types of market-openings are considered. First is that, given the number of the firms, the restriction on the share of foreign capital in each corporate joint venture is relaxed. Second is that, given the share of foreign capital in each corporate joint venture, the restriction on the number of the firms is relaxed. The analysis shows that the optimal level of privatization critically depends on the types of market openings to foreign capital. The optimal level of privatization declines as the share of foreign capital in each corporate joint venture increases. By contrast, the optimal level of privatization rises with an increase in the number of the firms operating in the market. The two different strategies for market-openings result in the opposite impacts on the welfare-maximizing government\'s incentive for privatization.
资源类型:期刊论文
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