Sheshinski, Eytan; López-Calva, Luis F. - In: CESifo economic studies : CESifo, a joint initiative of … 49 (2003) 3, pp. 429-459
Privatization has been a key component of structural reform programs in both developed and developing economies. The … sector borrowing requirements through the elimination of unnecessary subsidies. Microeconomic theory tells us that incentive … theoretical implications: privatization increases profitability and efficiency in both competitive and monopolistic sectors. Full …