Privatization Waves
Privatization Waves
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DOI:
10.1111/j.1467-9957.2009.02147.x
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发表时间:
2010-12
期刊:
影响因子:
--
通讯作者:
Toshihiro Matsumura;Daisuke Shimizu
中科院分区:
文献类型:
--
作者:
Toshihiro Matsumura;Daisuke Shimizu
We investigate a mixed economy where state-owned public enterprises compete against private firms. We examine sequential privatization of public enterprises, and find that under plausible assumptions one privatization increases the welfare gains of the subsequent privatizations. Thus, even if privatization does not improve welfare at the early stages, it can eventually lead to a point such that privatizations after that point are beneficial to the society and the privatization program ends up with a success.