This paper deals with fluctuations over time in the extent of the state-owned firm sector? nationalization-privatization cycles (NPCs). Anecdotal observations of NPCs are supported threefold by systematic empirical evidence: first, for different regions and economic systems, second, for...

With this theoretical survey the thesis is put forward that the method of privatization as well as the structure of the privatization agency is choosen by the politicians for politico-economic reasons, and not for reasons of saving transaction costs or for reasons of ideological preferences. The...

Eastern German privatization and restructuring of firms is seen as a special case because of the peculiarities of reunification and the large transfers from western Germany to finance it. Although this is right, the government faced the same problems as other countries in transition when...