Why Do Rational Communists Not Obstruct the Transformation Process?

This paper presents a theory of spontaneous privatization based on rational expected-utility maximizing behavior by incumbent communists who foresee the end of communist rule and transform political power into asset ownership. The conclusions of the theory are supported by the privatization experiences of Czechoslovakia, Poland, and Hungary. Copyright 1995 by Kluwer Academic Publishers

MoreLess

Year of publication:	1995
Authors:	Schnytzer, Adi
Published in:	Public Choice. - Springer. - Vol. 85.1995, 1-2, p. 143-56
Publisher:	Springer

More details

Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005674779