This paper is a critical review of east German privatization policy. It is argued that the restitution of old property rights has been a major obstacle to investment and that the attempt to sell two thirds of an economy in the market place is bound to be a failure. Such an attempt implies...

It is argued that a PAYGO system may have useful allocative functions in that it serves as an insurance against not having children and as an enforcement device for rotten kid' who are unwilling to pay their parents a pension. It is true that the system has amoral hazard effect in terms of...

Intro -- Series Foreword -- Introduction -- 1 - Privatizing Network Industries -- 2 - Network Utilities in the United States: Sector Reforms without Privatization -- 3 - Privatization in Austria: Some Theoretical Reasons and Performance Measures -- 4 - Privatization in Denmark, 1980-2002 -- 5 -...

Pro und Contra Crowding Out Zur Stichhaltigkeit dreier populärer Argumente Drei zum Nachweis der Ineffizienz keynesianischer Nachfragepolitik immer wieder vorgebrachte Behauptungen werden in diesem Aufsatz kritisiert. Die erste ist, daß Nachfragepolitik zur Bekämpfung der gegenwärtigen...