Governments that privatize state industries often retain control over key distribution assets. While there are many … governments use their control under these circumstances. In this paper we argue that the Russian government privatization of the … monopoly control rights over the transport of crude onto world markets. Based on a simple analysis of the costs and benefits of …

Romania), of two CIS economies (Russia and Ukraine) and of Turkey. A systematic approach in terms of different time horizons … exchange rates. A unified framework including productivity and net foreign assets completed with a set control variables such …

), two accession countries (Croatia and Turkey) and two CIS countries (Russia and Ukraine). The paper first studies the basic …