This article examines the determinants of China's Olympic success by drawing on provincial-level data. We find that it is government spending on sports, rather than per capita income, that has the greatest impact on this success. Our findings suggest that government involvement is still the most...

It is shown that the government, in privatizing state owned enterprises, can use partial privatization as a screening mechanism to elicit private information from the manager about the firm's value. Although some new owners do not have maximum incentives, this screening contract allows the...