Promoting competition among electricity producers is primarily targeted at ensuring fair electricity prices for consumers. Producers could, however, withhold part of production facilities (i.e., apply a capacity cutting strategy) and thereby push more expensive production facilities to satisfy...

The transition literature on the comparison of restructuring prior to privatization has been theoretically well researched, yet the empirical evidence is limited. Virtually no study has dealt with the Macedonian economy at all. Using firm level data, we estimate the effects of the break-ups of...

Strategic restructuring of firms through investment is key to a transition from plan to market. Using data on industrial firms in the Czech Republic during 1992-1998, we find that foreign-owned companies invest the most and cooperatives the least, that private firms do not invest more than...