Reports statistics that show that the number of economics majors in the USA achieved a peak in 1989‐90 but had declined by 11 percent by 1993 and experienced further 8.8 percent drop from 1992‐93 to 1993‐94 while at the same time the number of overall Bachelor’s degrees granted in all...

Examines the importance of the role of economic incentives in privatization using data collected at the micro level from auctions of state‐owned apartments in Moscow. Describes the nature of the auctions, the data collected and the estimated hedonic price functions. Concludes that the auction...