or full or partial privatization, depending on the environmental damage. It supports that the government should have …

contributes to endogenously explain partial privatization and minority participation by private stockholders. In this last case …

partial privatization for a subset of enterprises, a unique contribution of the study lies in investigating whether ownership … divestiture through partial privatization has any effect once enterprises are imparted managerial autonomy, or whether ownership … best a weak effect of partial privatization. These results raise doubt on earlier findings of a robust positive effect of …

-social-surplus curves. It is also shown that the optimal degree of partial privatization can easily be derived from the explanation. …

firms. The optimal degree of partial privatization is increasing in the degree of productivity disadvantage and the number … of private firms. I further show that partial privatization can be optimal for a public firm even when full privatization …

sufficiently high. In equilibrium, cross-ownership does not take place even if there is partial privatization. However, the …