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pt. 1. The power of the market -- pt. 2. The logic of reform -- pt. 3. Transition of growth patterns -- pt. 4. The prospects for state-owned enterprises -- pt. 5. The lifeblood of enterprises -- pt. 6. Choices for the future.
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This paper is intended to model the process of shifting decision rights and residual claim from the central agent (government) to the inside members of the firm in China and to analyze how the reform has improved performance of the state-owned enterprises. We show that the bargaining solution...
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