Privatize or Not? Escaping Budget Temptation and Nirvana Fallacy
AbstractThe article argues that most objections against a new wave of privatization in Russia suffer from a 'Nirvana fallacy', i.e., rely on undue comparison of limited (yet positive) results of actual privatization policies with the alleged ability of the government to raise efficiency of non-privatized enterprises. Empirical results available thus far suggest that optimal policy choice is to combine privatization with proactive competition policies.
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Bibliographic InfoArticle provided by New Economic Association in its journal Journal of the New Economic Association.
Volume (Year): 20 (2013)
Issue (Month): 4 ()
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More information through EDIRC
privatization; competition policies; microeconomic efficiency;
Find related papers by JEL classification:
- D04 - Microeconomics - - General - - - Microeconomic Policy: Formulation; Implementation; Evaluation
- H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
- L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Comparison of Public and Private Enterprise and Nonprofit Institutions; Privatization; Contracting Out
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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