Privatization and Its Benefits: Theory and Evidence |
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Ac>Anc analyze Argentina argument Boubakri and Cosset Burguet CATSA central government Chisari Claessens and Djankov companies concession contracts Concessions consumer surplus contracts D'Souza and Megginson discussed Economic Económicos effect of privatization elimination empirical employment enterprises equilibrium Estache financial sector foreign direct investment Frydman Galal graphs 5a Horacio Sobarzo Implication important efficiency gains incentives income Upper middle invest NI Jaime Sempere Laffont LaPorta and López-De-Silanes Larrain López-Calva López-De-Silanes 1999 Low income countries Lower middle income Luis F macro market capitalization market failure market structure Megginson 1998 México microeconomic Middle Income Countries middle income Upper natural monopoly Non-competitive Omnibus Tests partially privatized PERFORMANCE CHANGE perspective private ownership privatization of infrastructure privatization programs public managers public offerings public ownership public sector public sector's financial regulation regulatory result Romero sector's financial health shown SOE's soft budget constraint studies subsidies surplus TELMEX theoretical Upper middle income World Bank