resource harvesting. In a dynamic analysis we show that privatization increases the present values of consumer surplus and … privatization and indeed prefer open-access if the discount rate is sufficiently high. Applying the analysis to the North …-east Arctic Cod fishery, we find that socially efficient privatization would increase the present value of resource rent by 1 …

'In the golden days of the Washington consensus privatization was viewed as one of the central pillars of successful … privatization and its limitations. Through a series of case studies Weizsäcker and his colleagues illustrate the limits to … privatization' JOSEPH E. STIGLITZ winner of the Nobel Prize in economics and former chief economist and senior vice-president of the …

Limits to Privatization is the first thorough audit of privatizations from around the world. It outlines the historical … privatization, it provides guidance for policy and action that will restore and maintain the right balance between the powers and …Front Cover -- Limits to Privatization -- Copyright Page -- Contents -- List of Figures -- List of Boxes -- Foreword by …