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Bureaucrats in business the economics and politics of government ownership world bank policy research report by world bank author be the first to review this item isbn 13 978 0195211061 isbn 10 0195211065 why is isbn important isbn this bar code number lets you verify that youre getting exactly the right version or edition of a world bank 1995 bureaucrats in business the economics and politics of government ownership world bank policy research report new york oxforduniversity press 40 subscribe to view the full documentmore importantly the optimal privatization policy should be a flexible instrument hinging on the extent of governance improvement scenarios with a less efficient or an equally efficient public firm are considered and the result holds in both scenarios hence policy implications applyworld bank 1995 bureaucrats in business the economics and politics of government ownership world bank policy research report washington dc the international bank for reconstruction and development applications to educational institutions bishop j hwhere f i is the fixed cost of production and where 1 represents the productivity markup in modern production over traditional production we can think of f i as administration private firms only employ administrative staff up to the minimum level required for production f p fstate owned firms in contrast are subject to political pressure to hire people in the administration

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