Is privatization a panacea for LDCs? Market failure versus public sector failure.
Prager, Jonas
Is privatization a panacea for LDCs? Market failure versus public sector failure. - 1992
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.
Is privatization a panacea for LDCs? Market failure versus public sector failure. - 1992
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.