Do Partial Cross Ownership and Budget Constraints Matter for Privatization Policy?

被引：4

作者：

Wang L.F.S. ^{[1
]}

Hsu C.C. ^{[2
]}

Lee J.Y. ^{[3
]}

机构：

[1] Department of Applied Economics, National University of Kaohsiung, No. 700, Kaohsiung University Road, Nan-Tzu District 811, Kaohsiung

[2] Department of Marketing and Logistics Management, Yu Da University of Science and Technology, Miaoli

[3] Department of International Business, National Kaohsiung University of Applied Science, Kaohsiung

来源：

Journal of Industry, Competition and Trade | 2014年 / 14卷 / 4期

关键词：

Budget constraint; Cross ownership; Privatization; Social welfare;

D O I：

10.1007/s10842-013-0174-9

中图分类号：

学科分类号：

摘要：

We show that in the presence of cross-ownership associated with an improvement of production inefficiency of the public firm, the optimal privatization policy is full privatization whether budget constraints are imposed on the public firm. For reaching a higher level of social welfare, the government does not need to impose budget constraints on the public firm when the fixed cost is low. © 2013, Springer Science+Business Media New York.

引用

页码：519 / 529

页数：10

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