Economic development implies that the efficiency of firms in developing countries is approaching that of firms in … privatization, competition and foreign investment. We also test hypotheses positing that only firms near the efficiency frontier … find that privatization to domestic owners did not markedly improve the efficiency of firms; domestic firms are not …

-integration is less costly, but coordinates relatively poorly. Output price influences the choice of ownership structure: integration …-integration. For a generic set of demand functions, the result is heterogeneity of ownership and perfor- mance among ex-ante identical … techno- logical shocks: productivity changes in some firms may induce ownership changes in others. If the enterprise managers …

ownership can be optimal only if the degree of relationship-specificity is sufficiently small. If relationship-specificity can … positive level of relationship-specificity and they always agree on sole ownership by party A. …

joint ownership turns out to be robust. However, in contrast to the standard property rights model, it may well be optimal … to give ownership to a party whose investments are less productive, provided that this party's ex-post bargaining power …

results of Chiu (1998) and De Meza and Lockwood (1998), who show that the optimal ownership structure crucially depends on …

bargaining powers such that either ownership by the government or by the NGO can be optimal. …

The relation between IMF conditionality and country ownership of assistance programs is considered from a political … conditionality and ownership. The Paper stresses a conflict between a reformist government and domestic interest groups that oppose … reform, leading to a distinction between government and country ownership of a program. A model of lending and policy reform …