Privatize or Not? Escaping Budget Temptation and Nirvana Fallacy
The 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.
Volume (Year): 20 (2013)
Issue (Month): 4 ()
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