CRETTEZ, Bertrand; LOUPIAS, Claire; MICHEL, Philippe - Institut de Recherche Économique et Sociale (IRES), … - 1997
A major issue in reforming previously planned economies is the creation of assets markets. In this paper, it is argued that the mere characteristics of the assets to be privatized matter. Indeed, private ownership of land. It is the purpose of this paper to provide a theory of such rate. We make...