Privatization and Competitive Behavior: Endogenous Objectives, Efficiency and Growth

  • Luigi Paganetto
  • Pasquale Lucio Scandizzo
Part of the Central Issues in Contemporary Economic Theory and Policy book series (CICETP)


The privatization process that has been of so much concern in Western European countries in recent times, is once more on the agenda, this time for the transition of the Eastern European economies to the market system. In this case, as in all the previous attempts at reducing the weight of the public companies in the economy, hower, privatization does not appear to display an intrinsic value, but rather is proposed as a vehicle to import the subjective features of the market mechanism into a system where the operators and the institutions have been shaped by a completely different set of values.


Market Power Vertical Integration Shadow Price Competitive Behavior Central Planner 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.


  1. [1]
    Boffito C.: The USSR and the Transition Process in Western Europe, Milano, Istituto di economica politica, Università Bocconi, 1991.Google Scholar
  2. [2]
    Cardani A.M.: The Reform Process and Recent Economic Developments in the USSR, Milano, Istituto di economia politica, Università Bocconi, 1991.Google Scholar
  3. [3]
    Chandler A.D. Jr.: The Visible Hand: the Managerial Revolution in American Business, Cambridge (Mass), Harvard V.P., 1977.Google Scholar
  4. [4]
    Dixit A.: ≪The Role of Investment in Entry Deterrence≫, Economic Journal, n. 90, 1980.Google Scholar
  5. [5]
    Ethier W.J.: ≪National and International Returns to Scale in the Modern Theory of International Trade≫, The American Economic Review n. 72, June 1982.Google Scholar
  6. [6]
    Gilbert R.: ≪Response≫, Journal of Economic Perspectives, Spring, 1990.Google Scholar
  7. [7]
    Holsen J.A.: The Need for Comprehensive Reform, Milano, World Bank and Istituto di economia politica, Università Bocconi, 1991.Google Scholar
  8. [8]
    ImfThe World BankOecdEbrd: The Economy of the USSR: a Study Undertaken in Response to a Request by the Houston Summit, Washington (DC), 1991.Google Scholar
  9. [9]
    Levy F.D.: Key Elements of Systemic Reform, Milano, World Bank and Istituto di economia politica, Università Bocconi, 1991.Google Scholar
  10. [10]
    Romer P.M.: ≪Increasing Returns and Long-Run Growth≫, Journal of Political Economy n. 94, October 1986.Google Scholar
  11. [11]
    Sherman R.Willet T.: ≪Potential Entrants Discourage Entry≫, Journal of Political Economy, n. 4, August 1967.Google Scholar
  12. [12]
    Weitzman M.: ≪On Buyers and Sellers Markets Under Capitalism and Socialism≫, Harvard, Institute of Economic Research, Harvard University, Discussion Paper n. 1454, 1987.Google Scholar
  13. [13]
    Williamson O.: The Economic Institutions of Capitalism, New York, Free Press, 1985.Google Scholar
  14. [14]
    ——: Markets and Hierarchies: Antitrust Implications, New York, Free Press, 1975.Google Scholar

Copyright information

© SIPI Servizio Italiano Pubblicazioni Internazionali Srl 1993

Authors and Affiliations

  • Luigi Paganetto
    • 1
  • Pasquale Lucio Scandizzo
    • 1
    • 2
  1. 1.Università ≪Tor Vergata≫RomaItaly
  2. 2.ISPERomaItaly

Personalised recommendations