Konings, Jozef; Van Cayseele, Patrick; Warzynski, Frédéric - Nationalökonomisk Institut, Institut for Økonomi - 2003
This paper uses representative panel data of 1,701 Bulgarian and 2,047 Romanian manufacturing firms to analyze how price-cost margins are affected by privatization and competitive pressure. Privatization is associated with higher price-cost margins. This effect is stronger in highly competitive...