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"Fundamental" theorem of privatization: ideology, evolution, practice

Author

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  • Radygin, Alexander

    (Russian Presidential Academy of National Economy and Public Administration (RANEPA), Gaidar Institute for Economic Policy)

  • Entov, Revold

    (National Research University Higher School of Economics, Gaidar Institute for Economic Policy)

Abstract

This article analyzes the evolution of modern theoretical approaches to the problem of choosing the optimal ownership and appropriate assessment of privatization in the context of the advantages and disadvantages of public and private sectors. Different interpretations of the "fundamental" theorem of privatization - through relationships "principal-agent", a comparison of the structure of information flows, the combination of property rights and contract rights, consideration of socio-political factors, and others. Recent developments in the Russian policy of denationalization 2010-2013 is analyzed in the context of "reluctantly pursued privatization" and asymmetry processes of nationalization and privatization.

Suggested Citation

  • Radygin, Alexander & Entov, Revold, 2013. ""Fundamental" theorem of privatization: ideology, evolution, practice," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, pages 7-45, December.
    • Handle: RePEc:rnp:ecopol:ep1368
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    Cited by:

    1. Radygin, Alexander & Simachev, Yury & Entov, Revold, 2015. "The state-owned company: “State failure” or “market failure”?1," Russian Journal of Economics, Elsevier, vol. 1(1), pages 55-80.
    2. Elena Dombrovskaya & Е. Домбровская Н., 2015. "Государственное Предпринимательство: Роль В Экономике И Финансовой Системе России // Public Entrepreneurship: Its Role In The Economy And The Finance System Of Russia," Экономика. Налоги. Право // Economics, taxes & law, ФГОБУ "Финансовый университет при Правительстве Российской Федерации" // Financial University under The Government of Russian Federation, issue 1, pages 84-91.
    3. Abramov, Alexander & Radygin, Alexander & Chernova, Maria, 2017. "State-owned enterprises in the Russian market: Ownership structure and their role in the economy," Russian Journal of Economics, Elsevier, vol. 3(1), pages 1-23.
    4. A. Abramov & A. Radygin & M. Chernova & R. Entov., 2017. "State ownership and efficiency characteristics," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 4.

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