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- Title
Foreign competition and optimal privatization with excess burden of taxation.
- Authors
Lee, Jen-Yao; Wang, Leonard F. S.
- Abstract
We examine in a mixed oligopoly setting how foreign competition and the excess burden of taxation will affect privatization policy in the presence of strategic tax/subsidy policies. We show that in the presence of excess burden of taxation with foreign competitors, output subsidy coupled with import tariff and partial privatization is adopted to improve the social welfare. However, if the excess burden of taxation is relatively large, the government may switch to use production tax coupled with tariff policy and partial privatization to improve the social welfare.
- Subjects
PRIVATIZATION; TAXATION; INTERNATIONAL competition; OLIGOPOLIES; PUBLIC welfare
- Publication
Journal of Economics, 2018, Vol 125, Issue 2, p189
- ISSN
0931-8658
- Publication type
Article
- DOI
10.1007/s00712-017-0592-y