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来源类型 | FEEM working papers "Note di lavoro" series |
规范类型 | 论文 |
Optimal Privatisation Design and Financial Markets | |
Stefano Bosi; Guillaume Girmens; Michel Guillard | |
发表日期 | 2001 |
出处 | Economy and Society |
出版年 | 2001 |
语种 | 英语 |
摘要 | In this paper we consider various privatisation mechanisms in a general equilibrium model. We show that privatisation has no real effects, if the public sector is efficient and lump-sum taxes are implemented. The free distribution of public assets is financially neutral, whereas the sale of public assets is not. If taxes are not available, there is a privatisation mix allowing the economy to reach the first best. The maintain of some public property rights is justified, even if the public efficiency is removed. |
特色分类 | E44,G1,H4,L33 |
关键词 | Financial market development,privatisation,public good provision,public sector inefficiency,risk diversification |
URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/optimal-privatisation-design-and-financial-markets/ |
来源智库 | Fondazione Eni Enrico Mattei (Italy) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/116626 |
推荐引用方式 GB/T 7714 | Stefano Bosi,Guillaume Girmens,Michel Guillard. Optimal Privatisation Design and Financial Markets. 2001. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
NDL2001-023.pdf(393KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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