When to privatize? When to nationalize? A competition for ownership approach
Jean-Jacques Rosa and
Kyklos, 2010, vol. 63, issue 1, pages 110-132
Recent history shows that the scope of government varies substantially across countries and through time. Privatization phases alternate with nationalization episodes. The post WWII nationalization policies in Europe gave way to a privatization wave in the 1980s and are now followed by a return to nationalization in the context of the current financial crisis. Copyright © 2010 Blackwell Publishing Ltd.
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