Article

 

Privatization in five duopoly regimes: A numerical example (p.55-63)

by

Kazuhiro Ohnishi, Osaka University & Institute for Basic Economic Science

Keywords : Privatization, State-owned firm, Capitalist firm, Labor-managed firm

JEL classification : C72, D21, H42, L33

Abstract

In recent years, the theoretical analysis of privatization has been studied by many economists. However, they have not considered labor-managed firms. Therefore, this paper examines the following five duopoly regimes: state-owned and capitalist firms, capitalist firms, state-owned and labor-managed firms, labor-managed firms, and capitalist and labor-managed firms. The paper then compares the equilibrium outcomes of the five market regimes.