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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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We consider a monopolistic certifier selling certification services to a partially privately informed seller. The certifier can enable the seller to disclose her private information publicly, as well as gather additional market information about the good's quality publicly. We show that the...
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