Privatize or Not? Escaping Budget Temptation and Nirvana Fallacy

S. Afontsev
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S. Afontsev: Institute for World Economy and International Relations, Moscow, Russia

Journal of the New Economic Association, 2013, vol. 20, issue 4, 150-153

Abstract: The article argues that most objections against a new wave of privatization in Russia suffer from a 'Nirvana fallacy', i.e., rely on undue comparison of limited (yet positive) results of actual privatization policies with the alleged ability of the government to raise efficiency of non-privatized enterprises. Empirical results available thus far suggest that optimal policy choice is to combine privatization with proactive competition policies.

Keywords: privatization; competition policies; microeconomic efficiency (search for similar items in EconPapers)
JEL-codes: D04 H11 L33 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:nea:journl:y:2013:i:20:p:150-153

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