The Economic Patent Remedy: Privatization “from Above”

Hella Engerer

Chapter 13 in Privatization and its Limits in Central and Eastern Europe, 2001, pp 178-234 from Palgrave Macmillan

Abstract: Abstract The arguments usually put forward for the privatization of state enterprises have already been mentioned while discussing the neoclassical conception of property. The main argument is that private enterprises are run more efficiently than their state-owned counterparts. Efficiency gains can only be expected if the privatized enterprises work under hard budget constraints and if the decentralized principle of liability is applied. In market economies, the effect of privatization is thus linked to institutional prerequisites.

Keywords: Privatize Enterprise; Investment Fund; State Enterprise; Privatization Method; Golden Share (search for similar items in EconPapers)
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:pal:stuchp:978-0-230-52300-5_14

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DOI: 10.1057/9780230523005_14

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