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We address the impact of corruption in a developing economy in the context of an empirically relevant hold-up problem - when a foreign firm sinks an investment to provide infrastructure services. We focus on the structure of the economy's bureaucracy, which can be centralized or decentralized,...
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about privatization method, focusing on the choice between free distribution (so called ‘mass privatization’) and management … firms off its hands. Although mass privatization apparently conflicts with revenue maximization, we show that nonetheless it … privatization is more likely to be chosen if the government is politically weak. -- Corruption ; Bureaucratic Structure ; Developing …
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about privatization method, focusing on the choice between free distribution (so called ‘mass privatization’) and management … firms off its hands. Although mass privatization apparently conflicts with revenue maximization, we show that nonetheless it … privatization is more likely to be chosen if the government is politically weak. -- Privatization methods ; Transition economies …
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