Template-Type: ReDIF-Paper 1.0
Author-Name:Alexander Radygin
Author-Name-First: Alexander  
Author-Name-Last: Radygin 
Author-Workplace-Name: Gaidar Institute for Economic Policy
Author-Name:Revold Entov 
Author-Name-First: Revold    
Author-Name-Last: Entov 
Author-Workplace-Name: Gaidar Institute for Economic Policy
Title: THE FUNDAMENTAL PRIVATIZATION THEOREM: IDEOLOGY, EVOLUTION, PRACTICE
Abstract: The article focuses on the analysis of the evolution of contemporary theoretic approaches to the choice of an optimal form of ownership, and the corresponding estimation of privatization in the context of the advantages and disadvantages of the public and private sectors of the national economy.  Various interpretations of the fundamental privatization theorem are considered: based on the principal-agent relationship; based on the comparison of the structure of information flows; the combination of ownership rights and contractual rights; consideration of sociopolitical factors, etc. The latest trends in Russia’s de-statization policy in 2010-2013 are analyzed in the context of ‘reluctant privatization’, with special emphasis on the asymmetry between the statization and privatization processes.
Length:  30 pages
Creation-Date: 2014
Revision-Date:   2014
Classification-JEL: H82, K11, L32, L33
Keywords: privatization, government failures, state policy, public choice, allocational efficiency, information
File-URL: https://www.iep.ru/files/RePEc/gai/wpaper/0087Radygin.pdf
File-Format: Application/pdf
File-Function: Revised version, 2013
Handle: RePEc:gai:wpaper:0087