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 …

"Since 1994 the Treuhandanstalt has publicly put out for tender employment projects in accordance with §249h of the … has always been called for but only rarely put into practice, the Treuhandanstalt therefore acts as a forerunner. The … employment and which provide the basis for the evaluation of the Treuhandanstalt's process of invitation to tender are named. The …

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 …