Within the standard framework of mixed oligopoly theory, in this paper we investigate how changes in the distribution of income affect demand and the incentives towards privatization. We show that the scope for privatization is widened when the market is poorer, and when incomes become more concentrated. These results are accounted for in terms of the way distributional shocks alter the allocative inefficiency of imperfectly competitive markets.
Income distribution and the incentive to privatization
Colombo Caterina
Ultimo
2023
Abstract
Within the standard framework of mixed oligopoly theory, in this paper we investigate how changes in the distribution of income affect demand and the incentives towards privatization. We show that the scope for privatization is widened when the market is poorer, and when incomes become more concentrated. These results are accounted for in terms of the way distributional shocks alter the allocative inefficiency of imperfectly competitive markets.File in questo prodotto:
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