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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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costs must be strong. In essence, this is the case for capitalism over socialism, explaining the dynamic vitality' of free … the role of prices under socialism and capitalism and ignored the enormous importance of ownership as the source of …Private ownership should generally be preferred to public ownership when the incentives to innovate and to contain …
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costs must be strong. In essence, this is the case for capitalism over socialism, explaining the dynamic vitality of free … the role of prices under socialism and capitalism and ignored the enormous importance of ownership as the source of …Private ownership should generally be preferred to public ownership when the incentives to innovate and to contain …
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