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analysis 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 distributive effects Economic effect of privatization elimination empirical employment enterprises equilibrium Estache financial sector foreign direct investment Frydman Galal graphs 2a Horacio Sobarzo Implication incentives increases in profitability Jaime Sempere Laffont LaPorta and L6pez-De-Silanes Larrain Lopez-Calva Luis F macro market capitalization market failure market structure Mean Change Megginson 1998 Mexico microeconomic Middle Income Countries natural monopoly Non-competitive Omnibus Tests partially privatized perform better PERFORMANCE CHANGE perspective political cost private ownership privatization of infrastructure privatization programs public managers public offerings public ownership public sector public sector's financial publicly traded regulation regulatory result Romero sector's financial health Sheshinski shown SOE's soft budget constraint Stock Market Capitalization studies subsidies surplus TABLE taxes TELMEX theoretical trend World Bank