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Privatization, investment, and ownership efficiency

Pehr-Johan Norbäck and Lars Persson.

in Oxford Economic Papers

October 2012; p ublished online December 2011 .

Journal Article. Subjects: Socialist Institutions and their Transitions; Antitrust Issues and Policies; Nonprofit Organizations and Public Enterprise; Market Structure, Firm Strategy, and Market Performance; Market Structure and Pricing. 7795 words.

We provide a model that explains the following empirical observations: (i) private ownership is more efficient than public ownership, (ii) privatizations are associated with increases in...

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