Auction as a Method of Privatization of State Property
Keywords:
State property, privatization, auction, tender, transparency, English auction format, Dutch auction, electronic auction, cybersecurity, transactions.Abstract
At the heart of the privatization issue is the need for transparency. Auctions naturally provide this transparency. Unlike direct sales, where prices can be negotiated behind closed doors, auctions are open and competitive. This openness ensures maximum financial return to the government by securing the highest possible price for its assets. When considering the privatization of public property through auctions, it is important to choose an auction format that ensures transparency, maximizes revenue, and is fair to all participants. There are several auction formats available, each with its own advantages and potential disadvantages. From this point of view, this article discusses the features of auction sales, their types, advantages and some disadvantages.
References
Milgrom, P. (2004). Putting Auction Theory to Work (Churchill Lectures in Economics). Cambridge: Cambridge University Press. doi:10.1017/CBO9780511813825
Shahlo Muhamedova (2023). Davlat xaridlarini tartibga solishning huquqiy asoslari. Science and Education, 4 (1), 879-887.
Malekovic, N., Goutas, L., Sutanto, J. et al. Regret under different auction designs: the case of English and Dutch auctions. Electron Markets 30, 151–161 (2020). https://doi.org/10.1007/s12525-019-00355-w
Samuelson, W. (2014). Auctions: Advances in Theory and Practice. In: Chatterjee, K., Samuelson, W. (eds) Game Theory and Business Applications. International Series in Operations Research & Management Science, vol 194. Springer, Boston, MA. https://doi.org/10.1007/978-1-4614-7095-3_13
Cheema, A., Chakravarti, D., & Sinha, A. R. (2012). Bidding Behavior in Descending and Ascending Auctions. Marketing Science, 31(5), 779–800. http://www.jstor.org/stable/41687967
Шерматов, Н. (2023). Частная собственность в узбекистане: прошлый, нынешний и эволюционный взгляд. Oriental renaissance: Innovative, educational, natural and social sciences, 3(10), 206-211.
Щепкина Наталья Николаевна (2018). Электронные аукционы в условиях цифровой трансформации: достижения и просчеты. Проблемы экономики, (2 (36)), 134-140.
Jeroen Hinloopen, Sander Onderstal, Leonard Treuren. Cartel stability in experimental first-price sealed-bid and English auctions. International Journal of Industrial Organization Volume 71, July 2020, 102642. https://www.sciencedirect.com/science/article/pii/S0167718720300655
Imomniyozov, D. (2023). THE SYSTEM OF CONTRACTS: ASSESSING THE VALIDITY OF PRIVATIZATION OF STATE PROPERTY. Horizon: Journal of Humanity and Artificial Intelligence, 2(7), 13-17.
Ерофеев Филипп Станиславович (2015). Проведение электронных аукционов в рамках контрактной системы. Пробелы в российском законодательстве. Юридический журнал, (2), 69-73.
Methods of Privatization: Auctions, Bargaining, and Give-Aways. Klaus M. Schmidt. Monika Schnitzer. https://citeseerx.ist.psu.edu/document?repid=rep1&type=pdf&doi=d332cdd054770ed2d20bbbd342d8d7b4a421d340
Downloads
Published
How to Cite
Issue
Section
License
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
