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• W3123862808 abstract "Abstract This paper examines a different way of privatization from existing literature. In a mixed duopoly Hotelling type model in which the public firm consists of multiple subsidiaries, instead of privatizing the public firm as its entirety, the government may privatize only one of the subsidiaries (for example the manufacturing subsidiary). We find that this kind of privatization always improves social welfare comparing to no privatization at all. And comparing to privatizing the public firm in its entirety, privatizing only the manufacturing subsidiary always results in larger consumer welfare and results in larger social welfare when transport cost or R&D cost is sufficiently large." @default.
• W3123862808 created "2021-02-01" @default.
• W3123862808 creator A5000655260 @default.
• W3123862808 creator A5031283125 @default.
• W3123862808 date "2017-09-19" @default.
• W3123862808 modified "2023-09-26" @default.
• W3123862808 title "Privatizing Multi-subsidiary Public Firm in Location Model" @default.
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• W3123862808 doi "https://doi.org/10.1515/bejte-2017-0056" @default.
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