The Political Economy of State Owned Enterprises


The paper sets up a simple model with three sectors to formalize the argument that the state owned enterprise sector functions as a distributive mechanism. The formalization rests on the median voter theorem and the two stylized facts concerning the enterprises under consideration, namely that they carry ``surplus labor" and pay wages higher than the… (More)


Cite this paper

@inproceedings{eCommons2006ThePE, title={The Political Economy of State Owned Enterprises}, author={Loyola eCommons and Cem Karayalçin}, year={2006} }