The inadequacy of financial markets and their failures in the task of accomplishing the triple task of allocating resources, evaluating risk and, monitoring management has been used to justify the privatisation of industry. The French privatisations have yielded the following benefits: shares...

[eng] Capital-labor substitution and employment . Philippe Nasse. Could ice improve employrnent by reducing the rhythm of capital labor substitution ? Simulations achieved on large french administrative models suggest it would be possible by a modification of the relative price of inputs. But...