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bureaucracy? In 1992, Banks and Weingast argued that bureaucrats hold an informational advantage vis-a-vis political principals … interest group becomes concentrated. The bureaucracy's informational advantage collapses under these conditions, and the …
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This paper models privatization as a cooperative game between the government, a trade union and the private … shareholders. These players kno w that privatization increases the efficiency of a firm, but only the management of the firm knows …
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