Maddala, G.S.; Toda, Yasushi; Nozdrina, Nadezhda - In: International Journal of Social Economics 25 (1998) 2/3/4, pp. 380-387
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...