Among the possible effects of a privatization process to be analysed are those between the transfers of funds and the static and dynamic effects on efficiency. The impact of privatization on income distribution is then considered. Finally, an analysis is made of the question of the proper price...

There has recently been a resurgence of interest in how institutions affect economic performance. A review of this literature reveals that the concept of an ‘institution’ means different things to different scholars, both within economics and across the social sciences. This paper discusses...