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Stateowned Enterprises in a Mixed Economy: Micro Versus Macro Economic Objectives

by Mehdi Haririan
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Current price ₹3,976.00
Original price ₹6,116.00
Original price ₹6,116.00
Original price ₹6,116.00
(-35%)
₹3,976.00
Current price ₹3,976.00

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Book cover type: Paperback
  • ISBN13: 9780367304232
  • Binding: Paperback
  • Subject: N/A
  • Publisher: Taylor & Francis
  • Publisher Imprint: Routledge
  • Publication Date:
  • Pages: 198
  • Original Price: GBP 46.99
  • Language: English
  • Edition: N/A
  • Item Weight: 400 grams
  • BISAC Subject(s): General

A distinctive feature of economic trends of the past three decades has been the increase in microeconomic intervention by state-owned enterprises (SOEs) in the market economies of rich industrial and poor developing nations. The majority of SOEs were established as policy instruments of choice in response to a variety of socioeconomic needs and socio-political problems. As persuasively demonstrated in this book, microeconomic efficiency criteria alone, stemming from the theory of a perfectly competitive economy, are badly designed criteria for public firms. The historical part of the book, in particular, discusses quite compellingly a number of causes other than market failures for the existence of state-owned enterprises. This discussion develops complex answers regarding causes for the existence of public firms.

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