Economic efficiency is probably the most significant objective of both privatisation and economic liberalisation. This case study of Israel's bank privatisation programme focuses on the political economy of the process. It deals with an unusual coalition of political players consisting of...

Economic efficiency is probably the most significant objective of both privatisation and economic liberalisation. This case study of Israel's bank privatisation programme focuses on the political economy of the process. It deals with an unusual coalition of political players consisting of...

Sellers are typically better about product quality and sales practices than are purchasers, and might be tempted to exploit their superior knowledge to deceive buyers. Firms themselves, buyers, and third-parties attempt to level the playing field with a variety of confidence-building measures,...