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Is privatization a panacea for LDCs? Market failure versus public sector failure.

By:

Prager, Jonas

Material type: Text

TextPublication details: 1992Action note:

3/7/00 M2LMGR

Summary: Presents a brief analysis of market failure and other motives for government intervention in production. Notes that there is a strong bias in favour of private ownership when a competitive market exists, and a weaker preference for the private sector firm when imperfect competition characterises the market.

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Presents a brief analysis of market failure and other motives for government intervention in production. Notes that there is a strong bias in favour of private ownership when a competitive market exists, and a weaker preference for the private sector firm when imperfect competition characterises the market.

3/7/00 M2LMGR

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