期刊名称：Zbornik radova Ekonomskog fakulteta u Rijeci, Časopis za ekonomsku teoriju praksu
印刷版ISSN：1331-8004
出版年度：2013
卷号：31
期号：2
页码：163-192
语种：English
出版社：University of Rijeka Faculty of Economics
摘要：This paper establishes mixed duopoly game-theoretical models to investigate the economic impacts exerted by privatization in the presence of the environmental pollution. When the residents’ environmental preference is introduced to the public firm’s objective function, we mainly find that privatization may increase the public firm’s output, decrease the private firms’ outputs, and exert no impacts on social welfare. These findings run contrast to the common findings of the studies on privatization. Moreover, Cournot competition and Stackelberg competition are separately analyzed to show that our findings are robust and irrelevant with the firms’ moves. This paper highlights the role the environmental pollution and residents’ environmental preference play in determining the economic impacts exerted by privatization.
