IDEAS home Printed from https://ideas.repec.org/a/wfo/monber/y2011i11p727-741.html
   My bibliography  Save this article

The Privatisation of Public Assets as an Economic Policy Instrument: Public Versus Private Ownership of Enterprises – The Practical Implementation of Privatisation Projects and Economic Policy Conclusions

Author

Listed:
  • Michael Böheim

    (WIFO)

Abstract

Liberalisation, competition and regulation constitute the most important economic prerequisites for successful privatisations, whereas the approval of the population (and its political representatives) is the main political precondition. In competitive markets privatisation no longer depends on the economic framework, but the social and political preconditions. However, in the absence of a competitive market environment a government willing to privatise faces the challenge of creating the necessary framework for functioning competition ex ante and also of guaranteeing its persistence ex post.

Suggested Citation

  • Michael Böheim, 2011. "The Privatisation of Public Assets as an Economic Policy Instrument: Public Versus Private Ownership of Enterprises – The Practical Implementation of Privatisation Projects and Economic Policy Conclus," WIFO Monatsberichte (monthly reports), WIFO, vol. 84(11), pages 727-741, November.
  • Handle: RePEc:wfo:monber:y:2011:i:11:p:727-741
    as

    Download full text from publisher

    File URL: https://www.wifo.ac.at/wwa/pubid/43075
    File Function: Abstract
    Download Restriction: Payment required

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Hay, George A & Kelley, Daniel, 1974. "An Empirical Survey of Price Fixing Conspiracies," Journal of Law and Economics, University of Chicago Press, vol. 17(1), pages 13-38, April.
    2. Alberto Cavaliere & Simona Scabrosetti, 2008. "Privatization And Efficiency: From Principals And Agents To Political Economy," Journal of Economic Surveys, Wiley Blackwell, vol. 22(4), pages 685-710, September.
    3. Reinhard Selten, 1973. "A Simple Model of Imperfect Competition, where 4 are Few and 6 are Many," Center for Mathematical Economics Working Papers 008, Center for Mathematical Economics, Bielefeld University.
    4. Anna Bottasso & Alessandro Sembenelli, 2004. "Does ownership affect firms’ efficiency? Panel data evidence on Italy," Empirical Economics, Springer, vol. 29(4), pages 769-786, December.
    5. Bresnahan, Timothy F & Reiss, Peter C, 1991. "Entry and Competition in Concentrated Markets," Journal of Political Economy, University of Chicago Press, vol. 99(5), pages 977-1009, October.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Privatisierung Wirtschaftspolitik;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wfo:monber:y:2011:i:11:p:727-741. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ilse Schulz). General contact details of provider: http://edirc.repec.org/data/wifooat.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.