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Privatization in Central Europe: The Case of Housing Policy in Hungary
Author(s) -
FABIAN KATALIN
Publication year - 1995
Publication title -
governance
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.46
H-Index - 76
eISSN - 1468-0491
pISSN - 0952-1895
DOI - 10.1111/j.1468-0491.1995.tb00207.x
Subject(s) - equity (law) , western europe , context (archaeology) , economics , political science , economic policy , economic system , market economy , economy , geography , european union , law , archaeology
Policymakers in Central and Eastern Europe are encountering difficulties in resolving the clash between market efficiency and distributional equity. A similar tension characterized post‐war Western Europe. However, in Central and Eastern Europe expectations emanating from the previous regime presume that distributional equity will compensate for the lack of market efficiency. The possible resolution of this tension is discussed in the context of the privatization in Hungary.