or substitutability of market competition and private ownership in increasing firm efficiency. We analyze a simple … Cournot model that distinguishes two aspects of privatization interacting with market opening: privatization of a firm and … privatization of its competitors. Under plausible conditions, the model implies that privatizing a firm is a substitute for exposing …

reduction are substitutes, that privatization and competition are complements when the latter is measured as the geographic …We investigate whether privatization, competitive forces, and hardening of budget constraints have yet begun to play … impact of privatization on labor productivity: in our basic specifications, we estimate that a ten percentage point increase …