Auctioning Public Assets : Analysis and Alternatives
Edited by Maarten C. W. JanssenISBN: 0521537576;
Book DescriptionGovernments are currently privatizing firms that were previously under public control in many countries. Providing an overview of the economic issues involved in this transfer of ownership of public assets, this book combines a theoretical framework with case studies. It asks which allocation mechanism a government can adopt and how the choice of allocation mechanism will affect future market outcomes. Contributions from international experts offer an accessible introduction to auction theory in this invaluable non-technical analysis.