Structural analysis of ownership: optimum principle

Sukharev Oleg, S.
Doctor of Economic Sciences (PhD), Professor, Leading Researcher, Institute of Economics, RAS, Moscow

Journal of Economic Regulation, 2014, Vol. 5 (no. 3),

p. 23-38

The paper presents a structural analysis of the property in terms of its two basic elements - public and private property. Main attention is paid to the criteria for evaluating the performance of these types of property and rationale of the process of privatization and nationalization of the property. Optimum principle of the ownership structure in the economic system is offered. Based on the theoretical study of criteria for the privatization and nationalization of the economy, the author analyzes the common mistakes and consequences of privatization in the transition economies, for example, the Russian economic system.

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Keywords: ownership; structure; privatization; nationalization; efficiency criteria; optimum principle

References:

Coase R. (1993). Firm. Market. Right. Moscow, Case [Delo] Publ. (In Russian).
Sukharev O. S. (2013). Privatization, nationalization and economic reform. Moscow, Finance and Statistics Publ. (In Russian).
Sukharev O. S.(2007).Institutionaltheory and economic policy. In2 vol. Moscow, The Economy [Economika] Publ. (In Russian).
Sappington D. and Stiglitz J. (1987). Privatization, information and incentives. Journal of Political Analysis and Management, vol. 6, no, 4, pp. 567-582.

Publisher: Ltd. "Humanitarian perspectives"
Founder: Southern Federal University
ISSN: 2078-5429