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This paper makes a partial assessment of the Brazilian privatization program in the 1990s. The article focuses mainly … government's stabilization attempts has reduced the fiscal benefits of privatization, and inhibited the government's capacity to …, the main objective of the privatization program has been to highlight the commitment to market-oriented reforms - in a …
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State capacity is optimized when public institutions are staffed by individuals with public-service motivation. However, when motivated agents value the collective reputation of their place of employment, steady-state equilibria with both high and low aggregate motivation (reputation) in the...
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