文章基本信息

标题：The Relationship between Privatization and Regulation on Foreign Investment Policies
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作者：Lihua Han 1 , Hikaru Ogawa
期刊名称：Theoretical Economics Letters
印刷版ISSN：2162-2078
电子版ISSN：2162-2086
出版年度：2015
卷号：05
期号：01
页码：97-102
DOI：10.4236/tel.2015.51014
语种：English
出版社：Scientific Research Publishing
摘要：Using a simple mixed oligopoly model, this paper examines the relationship between market-openings to foreign capital and privatization of a domestic public firm. Two types of market-openings are considered. First is that, given the number of the firms, the restriction on the share of foreign capital in each corporate joint venture is relaxed. Second is that, given the share of foreign capital in each corporate joint venture, the restriction on the number of the firms is relaxed. The analysis shows that the optimal level of privatization critically depends on the types of market openings to foreign capital. The optimal level of privatization declines as the share of foreign capital in each corporate joint venture increases. By contrast, the optimal level of privatization rises with an increase in the number of the firms operating in the market. The two different strategies for market-openings result in the opposite impacts on the welfare-maximizing government’s incentive for privatization.
关键词：Regulation on Foreign Investment; Partial Privatization; Mixed Oligopoly