Showing 1 - 10 of 10
This paper analyses the effects of reducing unfunded social security and population ageing on economic growth and welfare, both for a small open economy and for a closed economy.The economy consists of a service sector and a commodity sector.Productivity growth only occurs in the latter sector...
Persistent link: https://www.econbiz.de/10011090756
Much has been written about the current trend toward privatization of public enterprises. Selling Public Enterprises is …
Persistent link: https://www.econbiz.de/10005233388
The two papers that make up the core of this book address what is perhaps the most fundamental question in the current debate over Social Security: whether to shift, in part or even entirely, from today's pay-as-you-go system to one that is not just funded but also privatized in the sense that...
Persistent link: https://www.econbiz.de/10004973012
ownership and compares the effects of privatization, restructuring, and financial reform. Although focused on transition …
Persistent link: https://www.econbiz.de/10004973196
back burner of Russian politics in the fall of 1991, mass privatization was completed on July 1, 1994, with two thirds of … authors, all key participants in the reform effort, describe the events and the ideas driving privatization. They argue that … successful reformers must recognize privatization as a process of depoliticizing firms in the face of massive opposition: making …
Persistent link: https://www.econbiz.de/10011097641
This paper analyses the effects of reducing unfunded social security in a closed economy that consists of a service sector and a commodity sector.It is shown that if old agents mainly demand labour intensive services, a modest decrease of the pay-as-you-go pension scheme still raises long-run...
Persistent link: https://www.econbiz.de/10011090643
This paper explores the use of auctions for privatizing public assets.In our model, a single "insider" bidder (e.g. incumbent management of a government-owned firm) possesses information about the asset's risky value.In addition, bidders are privately informed about their costs of exploiting the...
Persistent link: https://www.econbiz.de/10011090655
Persistent link: https://www.econbiz.de/10011091799
.Extension of the model to allow for privatization of publicly-owned assets yields insights into the positive political economy of … privatization and into the normative question of how policies should be evaluated in the presence of mistaken beliefs. …
Persistent link: https://www.econbiz.de/10011091876
the British privatization program explores these questions both theoretically and empirically. …
Persistent link: https://www.econbiz.de/10005755469