@techreport{d078de12794d4bb4b23058aef5f55902,
title = "Noise Trader Risk and the Political Economy of Privatization",
abstract = "The 'noise trader' model of De Long et al. provides a plausible account of the determination of the equity premium.Extension of the model to allow for privatization of publicly-owned assets yields insights into the positive political economy of privatization and into the normative question of how policies should be evaluated in the presence of mistaken beliefs.",
keywords = "risk, privatization, political economy, noise trader",
author = "S. Grant and J. Quiggin",
note = "Pagination: 16",
year = "2001",
language = "English",
volume = "2001-104",
series = "CentER Discussion Paper",
publisher = "Microeconomics",
type = "WorkingPaper",
institution = "Microeconomics",
}