Much attention has been given to whether market reforms reduce or increase inequality. Inequality often reflects unequal access to productive opportunities and recent evidence has highlighted the presence of onerous barriers to entry, especially in developing countries. This paper focuses on the...

This article reviews the state of thinking on the governance role of public ownership and control. Optimal governance systems depend on the path of institutional development. Nevertheless, the transfer of operational control over productive assets to the private sector often yields a desirable...

This article reviews the state of thinking on the governance role of public ownership and control. Optimal governance systems depend on the path of institutional development.Nevertheless, the transfer of operational control over productive assets to the private sector often yields a desirable...

In this article, we review the recent academic research on the valuation of Internet companies. In particular, we focus on the valuation method(s) which were said to be suitable for new economy start-ups in the boom years 1998–2000, and conclude that they were neither novel nor very accurate....