The transition in East Germany has been characterized by an extremely rapid privatization of state-owned enterprises …-unification level. This paper argues that the government imposed an inconsistent policy toward employment on the privatization agency …, the Treuhand. Although required to take account of the shadow price of labour in the privatization negotiations (where …

some countries, restructuring is being undertaken by the state before privatization; in some, restructuring is delegated to … and private firms and the complementarity between the assets of state and firms. The slow pace of privatization is due to … privatization process in East Germany. It notes that five parties have been central to the reform process: the state, the …

the main elements of German union: monetary union, fiscal union, legal and administrative union, and rapid privatization …

privatization on airport charges in a panel data setting where fixed effects can be employed to mitigate endogeneity concerns. Our …

This paper offers a unique quantitative evaluation of the distribution of the welfare of a water privatization … intermediate suppliers and investors have also clearly benefited during the short privatization duration. However the paper also …