Privatization, productive efficiency and social welfare with a foreign competitor

被引：14
|
作者：
Tomaru, Yoshihiro [1 ]
机构：
[1] Waseda Univ, Grad Sch Econ, Shinjuku ku, 1-6-1 Nishiwaseda, Tokyo 1698050, Japan
来源：
RESEARCH IN ECONOMICS | 2007年 / 61卷 / 04期
关键词：
Public firm; Private firm; Productive efficiency; Social welfare;
D O I：
10.1016/j.rie.2007.05.003
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We investigate how decision-making upon cost-reducing R&D investment by a domestic public firm is affected by privatization and entry of a foreign firm. It is shown that entry of a foreign firm lowers productive efficiency of the domestic public firm but improves the domestic social welfare. It is also shown that privatization of the public firm lowers productive efficiency and deteriorates domestic social welfare. (C) 2007 University of Venice. Published by Elsevier Ltd. All rights reserved.
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页码：224 / 232
页数：9
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