1995•RePEc: Research Papers in EconomicsRequires access

The political economy of privatization and deregulation

Elizabeth E. Bailey, Janet Rothenberg Pack

Abstract

Part I The evolving intellectual heritage: theories of government failure, property rights and privatization theories of regulation and the deregulation movement theory of contestable markets and deregulation. Part II Privatization - theory and practice: a mixed world of privatization and regulation comparing efficiency of private and public firms. Part III Features of the deregulated marketplace.

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Key concepts: Deregulation, Market economy, Property rights, Government (linguistics), Politics, Economic system, Intellectual property, Business