Working Paper No. 532

Privatization as a part of Liberalization Program in an International Oligopoly

Publicerad: March 3, 2000Antal sidor: 47Nyckelord: Privatization; FDI; Acquisitions; National Treatment; Investment GuaranteesJEL-koder: F23; L13; L33

Privatization as a part of Liberalization Program in an International Oligopoly Pehr-Johan Norbäck and Lars Persson


This paper determines the equilibrium market structure in an international oligopoly which is opened up by a privatization. Market power is shown to be an important determinant of the equilibrium market structure, when greenfield investment costs are high. When the greenfield investment costs are low, however, the risk of monopolization decreases. It is also shown that "Investment Guarantees" can be counterproductive by helping the buyer of the state assets prevent other investors from entering greenfield by credible over-investment. We also find that the negative effects on domestic firms by National Treatments clauses are partly paid for by the foreign investor in the bidding competition over the state assets.

Pehr-Johan Norbäck

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Lars Persson

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lars.persson@ifn.se

Glädjeparadoxen

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Den här boken, författad av Gabriel Heller Sahlgren och Nima Sanadaji, spårar rötterna till den svenska skolans problem via en djupdykning i forskning och modern historia. På 1800-talet slog den progressiva utbildningsfilosofin igenom, med fokus på glädje, elevdemokrati och elevledd undervisning. Problemet var bara att den nya pedagogiken inte fungerade som det var tänkt. Forskningen tyder inte på att elever lär sig mer när de har roligt.

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