作者：LopezDeSilanes, F
作者单位：National Bureau of Economic Research
摘要：Generating government revenue is a common objective in privatization. This paper asks what determines privatization prices using firm-level data for all 236 Mexican companies privatized between 1983 and 1992. There are three main reasons why net prices-auction prices net of the cost of prior restructuring measures-are low, averaging 54 cents per dollar of assets. First, privatization prices are very sensitive to the level of competition in the auction and restrictions often Limited participati...
作者：Knack, S; Keefer, P
作者单位：University System of Maryland; University of Maryland College Park; The World Bank
摘要：This paper presents evidence that ''social capital'' matters for measurable economic performance, using indicators of trust and civic norms from the World Values Surveys for a sample of 29 market economies. Memberships in formal groups-Putnam's measure of social capital-is not associated with trust or with improved economic performance. We find trust and civic norms are stronger in nations with higher and more equal incomes, with institutions that restrain predatory actions of chief executives...
