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.

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Year of publication:	2013
Authors:	Afontsev, S.
Published in:	Journal of the New Economic Association. - New Economic Association - NEA. - Vol. 20.2013, 4, p. 150-153
Publisher:	New Economic Association - NEA
Subject:	privatization \| competition policies \| microeconomic efficiency

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Extent:	application/pdf
Type of publication:	Article
Classification:	d04 ; H11 - Structure, Scope, and Performance of Government ; L33 - Comparison of Public and Private Enterprises; Privatization; Contracting Out
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010752659