GRÖNBLOM, Sonja; WILLNER, Johan - In: Annals of Public and Cooperative Economics 79 (2008) 1, pp. 133-160
The most important economic motive for privatization and liberalization is to reduce costs, which are believed to be higher in a public monopoly for several reasons, including internal rent capture. We assume that there is wage-bargaining both before and after privatization and liberalization....
