within less than five years. We examine whether the privatization authority followed its mandate to privatize competitive … investors, and are more likely to remain in business even 20 years after leaving public ownership. The privatization agency …

within less than five years. We examine whether the privatization authority followed its mandate to privatize competitive … investors, and are more likely to remain in business even 20 years after leaving public ownership. The privatization agency …

within less than five years. We examine whether the privatization authority followed its mandate to privatize competitive … investors, and are more likely to remain in business even 20 years after leaving public ownership. The privatization agency …

within less than five years. We examine whether the privatization authority followed its mandate to privatize competitive … investors, and are more likely to remain in business even 20 years after leaving public ownership. The privatization agency …

Can privatization authority be successfully delegated to a privatization agency? We address this question using micro … data on 1,804 privatization and 1097 liquidation decisions of the German privatization agency "Treuhandanstalt". The … theoretical part develops a dynamic model of optimal liquidation under incomplete political insulation of the privatization agency …

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 …

Treuhand coordinated the privatization of former GDR firms at the cost of massive job losses. We exploit individual and spatial …