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This paper provides a unique contractual analysis of privatization from a state-owned company to a privately-owned company. Using a contractual approach, we analyze the advantages and disadvantages of private ownership versus state ownership under various circumstances. Our analyses focus on...
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Private ownership should generally be preferred to public ownership when the incentives to innovate and to contain … capitalist incentives to innovate. Moreover, many of the concerns that private firms fail to address social goals' can be …
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Private ownership should generally be preferred to public ownership when the incentives to innovate and to contain … capitalist incentives to innovate. Moreover, many of the concerns that private firms fail to address social goals' can be …
Persistent link: https://www.econbiz.de/10012472146