The nexus of market concentration and privatization policy in mixed oligopoly |
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| Institution: | 1. Department of International Business, Southern Taiwan University of Science and Technology, Taiwan;2. Department of Agricultural Economics, National Taiwan University, Taiwan;3. Department of Political Economy, National Sun Yat-Sen University, Taiwan;1. Department of Statistics, University of Ibadan, Ibadan, Nigeria;2. Faculty of Economics and ICS, University of Navarra, Spain;1. Department of Industrial Engineering and Management, Chaoyang University of Technology, Taichung 413, Taiwan;2. Department of Finance, Chaoyang University of Technology, Taichung 413, Taiwan;1. Department of Applied Physics, School of Science, Hunan University of Technology, Zhuzhou, 412007, China;2. Hebei Key Lab of Optic-electronic Information and Materials, The College of Physics Science and Technology, Hebei University, Baoding, 071002, China |
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| Abstract: | We analyze the nexus of privatization policy and market concentration ratio in a mixed oligopoly where one public enterprise competes against n private firms with asymmetric costs. It is shown that the nexus of privatization policy and market concentration ratio is highly sensitive to the curvature of the market demand. When the market demand is concave (convex) to the origin, a higher concentration ratio leads to a higher (smaller) degree of privatization; whereas in the case of linear demand, the privatization ratio is independent of market concentration ratio. |
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