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Towards the Theory of Privatization

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  • Polterovich, Victor

Abstract

An attempt is made to define main problems of the privatization theory and to present a survey of some results in this area. Two models are discussed that demonstrate paradoxical consequences of property right restrictions and dynamics of property right redistribution which entails a stratification of society. Two ways of transition from centralized to a market system (through privatization and through price liberalization processes) are compared in frameworks of a mixed economy model with queues. Relations between theoretical conclusions and real issues of the Russian privatization are discussed as well.

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File URL: http://mpra.ub.uni-muenchen.de/20151/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 20151.

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Date of creation: 1995
Date of revision:
Handle: RePEc:pra:mprapa:20151

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Related research

Keywords: privatization; privatization theory; transition; Russia;

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Cited by:
  1. Polterovich, Victor, 1999. "Институциональные Ловушки И Экономические Реформы
    [Institutional Traps and Economic Reforms]
    ," MPRA Paper 27257, University Library of Munich, Germany.
  2. Polterovich, Victor, 1999. "На Пути К Новой Теории Реформ
    [Towards a New Theory of Reform]
    ," MPRA Paper 22035, University Library of Munich, Germany.
  3. Polterovich, Victor, 1999. "Institutional Traps and Transition," MPRA Paper 20126, University Library of Munich, Germany.
  4. Polterovich, Victor, 2012. "Приватизация и рациональная структура собственности (Privatizatsiya i ratsional’naya struktura sobstvennosti)
    [Privatization and the Rational Owners
    ," MPRA Paper 41069, University Library of Munich, Germany.

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