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This chapter discusses public sector pricing. Prices are an excellent instrument for coordinating supply and demand, provided people who do not pay can be excluded from consumption. Hence, prices are used not only by private entrepreneurs, but also by politicians, bureaucrats, and public utility...
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This paper models privatization as a cooperative game between the government, a trade union and the private … shareholders. These players kno w that privatization increases the efficiency of a firm, but only the management of the firm knows …
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