Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/118029
Authors: 
Schindele, Ibolya
Year of Publication: 
2003
Series/Report no.: 
Nota di Lavoro, Fondazione Eni Enrico Mattei 2.2003
Abstract: 
This paper discusses the most important theoretical contributions to the literature on privatization, focusing on emerging economies, and gives a summary on recent research concerning the ways privatization might affect the development of securities markets. In addition, the paper provides a number of policy implications, emphasizing the trade-off between privatization and the reduction in social welfare and the possibility that the privatization process itself may have conflicting objectives (creation of incentive mechanisms, fairness, fast privatization).
Subjects: 
Privatization
Emerging economies
Social welfare
JEL: 
L33
P31
Document Type: 
Working Paper

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