Requirements for successful privatization: Lessons from the Treuhandanstalt's approach

Arbeitspapier

The paper analyses the Treuhandanstalt's privatization approach by putting it in a public choice perspective. It comes to the conclusion that the Treuhandanstalt had been very successful in reaching its economic and social targets. Economists might worry that the Treuhandanstalt's operation had accumulated too much waste caused by social considerations. And politicians might lament that its strategy implied that millions of people were ,,outplaced or ,,downsized in the name of privatization. But in terms of the interaction of economics and politics the Treuhandanstalt's performance had not been so far from the optimum.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Year: 1995 ; Kiel: Institut für Weltwirtschaft (IfW)

Classification and Topics

• Classification: Wirtschaft

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Schmidt, Klaus-Dieter
• Event: Veröffentlichung
• (who): Kiel Institute of World Economics (IfW) ; ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
• (where): Kiel
• (when): 1995

Further information

• Handle: http://hdl.handle.net/10419/47099
• Last update: 10.03.2025, 11:44 AM CET