This paper examines the role of liability for past environmental contamination in the privatization processes of … hypotheses regarding a privatization agency’s responses to the investor’s knowledge of cleanup costs. The empirical section of …

Privatization is shown to increase national economic output in a two-sector full-employment general-equilibrium model …, or stabilization. The static output gain from reallocation and reorganization through privatization is captured in a …. Substitution of plausible parameter values into the formula indicates that, in practice, the static output gain from privatization …

are high. If this argument were right, the capital intensity of state-owned firms should fall with privatization. The data …

This paper examines aspects of speed and sequencing of restructuring and privatization in economies in transition. It … constraints on restructuring, a very fast and non-differentiated approach to privatization may lead to renationalization and … general delays in restructuring. A more gradual policy of privatization may allow for the screening of good from bad firms …

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 …