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This paper models privatization as a cooperative game between the government, a trade union and the private shareholders. These players kno w that privatization increases the efficiency of a firm, but only the management of the firm knows the exact value of the relevant productivity-increasing...
Persistent link: https://www.econbiz.de/10009781518
This paper models privatization as a cooperative game between the government, a trade union and the private shareholders. These players know that privatization increases the efficiency of a firm, but only the management of the firm knows the exact value of the relevant productivity-increasing...
Persistent link: https://www.econbiz.de/10013321318