It is shown that the government, in privatizing state owned enterprises, can use partial privatization as a screening mechanism to elicit private information from the manager about the firm's value. Although some new owners do not have maximum incentives, this screening contract allows the...

This article uses the <italic>Z</italic>-transform to develop a method for solving the linearised multidimensional discrete-time systems, which can be used to discuss the effects of policies on economy (including the welfare gains and initial effects on economy) raised by multi-sector...