Christodoulakis, Nikos; Katsoulacos, Yannis - C.E.P.R. Discussion Papers - 1993
The paper presents a theoretical analysis of the relationship between privatization and public deficit finance. We … examine the optimal magnitude of public asset sales and the extent to which privatization can be used to reduce taxes, or, to … retire public debt, for two cases. In the first, standard case, privatization proceeds are used directly to finance the …