GERMAN

Large-scale Privatization via Auctions: The case of land in transforming economies

By Jocelyn Braun (auth.)

Book information

Publisher
Deutscher Universitätsverlag
Year
1998
ISBN
978-3-8244-6777-8, 978-3-322-97775-5
DOI
10.1007/978-3-322-97775-5
Language
german
Format
PDF
Filesize
5 MB (5109802 bytes)
Series
Kasseler Wirtschafts- und Verwaltungswissenschaften 7
Edition
1
Pages
172\178
Orientation
yes
Scanned
yes
Time added
2013-08-01 04:00:00
Economics/Management Sciencegeneral

Description

Successful large-scale privatization programs for highly political resources such as land require the consideration not only of economic but also of ethical aspects. On the basis of a game-theoretic framework of analysis, Jocelyn Braun shows that the mechanism of auctioning is an efficient and equitable alternative to many privatization methods that have so far been implemented with disappointing results. The author presents a solution concept and - using Bayesian mechanism design - expands the current theoretical and practice-oriented literature in the light of transformation.

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