Bennett, John; Estrin, Saul; Maw, James - In: Journal of the European Economic Association 3 (2005) 2-3, pp. 567-575
In many transition countries privatization has taken the form of distribution of states assets at a zero price (mass privatization), and the state has retained some ownership in many companies.We provide a rationale for these policies in terms of a political feasibility constraint, preventing...
