Denmark is one of the most developed welfare states, but also a rather capitalistic state with little public ownership outside the traditional fields of the public sector and the natural monopolies of the network industries. The low level of public ownership corresponds to peoples' attitude in...

A magyar állam részvénytulajdona három év alatt megduplázódott. Állami kézbe kerültek energetikai óriások és kisebb bankok, nagy közszolgáltatók és apró boltok, nyereséges és a csőd szélén álló cégek, teljes pakettek és kisebbségi részesedések. A lezáratlan...

This paper analyzes the resistance to the neoliberal discourse supporting privatizations in the Italian sociopolitical field: we address the change from a state control over economy to a situation where most of the state owned enterprises are sold and neoliberal principles are widely adopted and...

A new breed of funds has emerged on the global investment scene: strategic investment funds (SIF). These are state-run funds that combine financial objectives with wider development considerations for the national economy and society. SIFs should also help mobilise more private capital for...

Suppose that a group of individuals owns collectively a technology which produces a consumptiongood by means of a (possibly heterogeneous) input. A sharing rule associates input contributionswith a vector of consumptions that are technologically feasible. We show that the set of...

This paper explores the Greek economy since 1974, before and after joining the Economic and Monetary Union and some of the problems that the current global and European debt crises have created to Greek and to all European citizens. A social loss function and a partial equilibrium model are used...

International organizations promote privatization as precondition for economic development. But is there really too little privatization? This political economy model asks for the incentives of governments to privatize or restructure a state-owned firm. Different government types are compared to...

The privatisation policy pursued in the UK by Mrs Thatcher's government (1979-1990) and subsequently by Mr Major's government (1990-1997) was the largest experiment in public divestitures among capitalist economies. It had a deep impact on economic policy-making world wide, and was vastly...

International organizations promote privatization as precondition for economic development. But is there really too little privatization? This political economy model asks for the incentives of governments to privatize or restructure a state-owned firm. Different government types are compared to...

In this paper it is argued that privatization is not the only alternative to public ownership. Adopting the incomplete contract approach, it is shown that partial privatization, i.e. joint ownership, may well turn out to be the optimal property rights regime, if the trade-offs that have been...