The objective in this paper is to improve the existing evidence regarding the role ownership plays in economic … modeling, state ownership is explicitly introduced into the simple model of the financially constrained firm in order to trace … per unit of output and that liable for their relative inefficiency were technical, allocative and ownership reasons by …

concentration and bidding competition decrease in the privatized sector may have outweighed eventual gains coming from privatization …. On the other hand, the threat that privatization may represent for public unit managers may have stimulated them to … recent privatization are associated with lower costs. Instead, old privatization is not associated with lower costs. …

Privatization became a central element of economic reforms in most countries in Sub-Saharan Africa during the 1990s …. Yet, empirical evidence regarding the impact of privatization remains scarce. Since the seminal work of CAMPBELL … a time when public opposition to further privatization is growing, this paper aims at giving a broad overview of the …

investigates the case of a large privatized firm subject to many policy constraints. The last steps of Telefonica's privatization … were designed to promote a disperse ownership and give managers a high level of discretion in running the company. By this … documented phenomenon both in this study and in the cross-country literature on privatization; e.g. political ends in …