The transition in East Germany has been characterized by an extremely rapid privatization of state-owned enterprises …-unification level. This paper argues that the government imposed an inconsistent policy toward employment on the privatization agency …, the Treuhand. Although required to take account of the shadow price of labour in the privatization negotiations (where …

This paper analyses the ownership structure emerging from the Russian privatization process, using information from a … privatization methods for ownership structure, on the incidence of non-voting and voting shares, and on the extent of concentration …) estimates, suggesting that the privatization process may have contained a negative selection bias with respect to ownership by …

privatization on airport charges in a panel data setting where fixed effects can be employed to mitigate endogeneity concerns. Our …

. However, privatization may increase quality by fostering performance-improving innovation, particularly if combined with … difference-in-difference-in-difference approach. The results indicate that privatization and the associated increase in …

The usual analysis of privatization and X-inefficiency uses agency theory to model managerial effort. We model worker … heart. Our model predicts that under certain conditions privatization should raise effort and so lower X-inefficiency, and …