| 来源类型 | FEEM working papers "Note di lavoro" series |
| 规范类型 | 论文 |
| Privatizations in Developing Countries and the Government's Budget Constraint | |
| Emmanuelle Auriol; Pierre M. Picard | |
| 发表日期 | 2002 |
| 出处 | Economy and Society |
| 出版年 | 2002 |
| 语种 | 英语 |
| 摘要 | In this paper, we study the impact of government's budget constraint on the optimal industrial policy in industries with increasing returns to scale. We show that privatization is preferred to regulation for intermediate values of the shadow cost of public funds (i.e., the Lagrange multiplier of the government's budget constraint). However, the advantage of privatization is likely to disappear once the product market allows the entry of more than one firm.In this paper, we study the impact of government's budget constraint on the optimal industrial policy in industries with increasing returns to scale. We show that privatization is preferred to regulation for intermediate values of the shadow cost of public funds (i.e., the Lagrange multiplier of the government's budget constraint). However, the advantage of privatization is likely to disappear once the product market allows the entry of more than one firm. |
| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/privatizations-in-developing-countries-and-the-government-s-budget-constraint/ |
| 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/116787 |
| 推荐引用方式 GB/T 7714 | Emmanuelle Auriol,Pierre M. Picard. Privatizations in Developing Countries and the Government's Budget Constraint. 2002. |
| 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 | ||
| NDL2002-075.pdf（730KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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