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- W3121659689 abstract "This paper provides a simple general equilibrium analysis of privatization, exploring its real effects. They derive from the expansion of risk-sharing opportunities (within an incomplete markets setting) that are created by the addition of a market in the public project property rights. The principal conclusion is that an optimal combination of voucher and share issue privatization can implement the first-best." @default.
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- W3121659689 date "2005-12-01" @default.
- W3121659689 modified "2023-10-16" @default.
- W3121659689 title "Optimal Privatization Design and Financial Markets" @default.
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- W3121659689 doi "https://doi.org/10.1111/j.1467-9779.2005.00246.x" @default.
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