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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP4856 |
DP4856 Pill, Patch or Shot? Subjective Expectations and Birth Control Choice | |
[unavailable] | |
发表日期 | 2005-01-23 |
出版年 | 2005 |
语种 | 英语 |
摘要 | This Paper examines the restructuring of state assets in markets deregulated by privatizations and investment liberalizations. We show that a net revenue maximizing government has a stronger incentive to restructure than a profit maximizing acquiring firm: A restructuring firm only takes into account how much its own profit will increase. The government internalizes that restructuring increases the sales price not only due to the increase in the acquirer's profit, but also due to a reduced profit for the non-acquirer, whose profits decrease due to its rival's restructuring. We also identify situations where a slow sale can significantly reduce the sales price because of strategic investment and product market effects. |
主题 | Industrial Organization |
关键词 | Privatization Asset ownership Restructuring Oligopoly |
URL | https://cepr.org/publications/dp4856 |
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/533764 |
推荐引用方式 GB/T 7714 | [unavailable]. DP4856 Pill, Patch or Shot? Subjective Expectations and Birth Control Choice. 2005. |
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