Working Paper No. 608

Privatization Policy in an International Oligopoly

Publicerad: November 25, 2003Antal sidor: 30Nyckelord: Privatization; Acquisitions; National Treatment; Investment Policy; Trade PolicyJEL-koder: F23; L13; L33

Privatization Policy in an International Oligopoly Pehr-Johan Norbäck and Lars Persson


This paper studies privatization policy in an international oligopoly. The argument that equal treatment of foreign investors will be detrimental to domestic welfare by shifting profits from domestic to foreign firms is shown to be less relevant in privatization auctions than in greenfield FDI models, since these profit shifts are partly paid for by the foreign firms in the bidding competition. Effects of local equity requirements, trade and investment policies are also studied. It is, for instance, shown that small local equity requirements are likely to be beneficial but large ones are counterproductive, by preventing welfare-enhancing foreign acquisitions.

 

Pehr-Johan Norbäck

Kontakt

Tel: 08 665 4522
Mobil: 073 574 3379
pehr-johan.norback@if...

Lars Persson

Kontakt

Tel: 08 665 4504
lars.persson@ifn.se

EU och teknologiskiftet. Europaperspektiv 2020

eu-och-teknologiskiftet-(1).gif


Hur kan EU dra nytta av teknologiskiftet? Det är det övergripande temat i årets upplaga av Europaperspektiv, EU och teknologiskiftet. Två kapitel i årets upplaga är skrivna av IFN-forskare.

Läs mer

Institutet för Näringslivsforskning, Grevgatan 34 - 2 tr, Box 55665, SE-102 15 Stockholm, Sweden | Tel: +46-(0)8-665 45 00 | info@ifn.se