In this paper we try to explain some restructuring patterns of Czech textile and clothing industries from a microeconomic point of view. We introduce two measures of production efficiency (the technical and the allocative efficiency) and look at changes in the behaviour of enterprises. In 1994,...

The paper is intended to contribute to the microeconomic analysis of transition. Two alternative decision models of the firm are presented. The difference is analysed between the transformation of a state firm into a firm with a dominant private owner and a firm with dispersed private owners....

The author stresses specific features of restructuring under transition of a post-communist economy. He presents a formal model comparing the restructuring of three different firms characterized by ownership under the assumption of imperfect capital and financial markets. The empirical...