| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1188 |
| DP1188 Who Needs Bands? Exchange Rate Policy Before EMU | |
| Tamim Bayoumi | |
| 发表日期 | 1995-05-31 |
| 出版年 | 1995 |
| 语种 | 英语 |
| 摘要 | We consider a market in which a public firm competes against private firms, and ask what happens when the public firm is privatized. In the short run, privatization is harmful because all prices rise; the disciplinary role of the public firm is lost. In the long run, privatization leads to further entry; the net effect is beneficial if consumer preference for variety is not too weak. A sufficient statistic for welfare to be higher in the long run, is that the public firm makes a loss. Profitable firms should not be privatized, in contrast with frequent practice. |
| 主题 | Industrial Organization |
| 关键词 | Mixed oligopoly Privatization Product differentiation |
| URL | https://cepr.org/publications/dp1188 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530330 |
| 推荐引用方式 GB/T 7714 | Tamim Bayoumi. DP1188 Who Needs Bands? Exchange Rate Policy Before EMU. 1995. |
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