governmental level. Here the privatization program--leading to restructuring or not--is designed. Transition governments are in a …

In their privatization programs, transition governments have frequently given away shares (so-called 'mass … privatization'), while maintaining significant minority ownership. We explain the rationality of this behavior for an expected net … constraint raises to zero prices that would otherwise be negative, and has an indirect effect: mass privatization and partial …

analysis shows that the estimated correlation of privatization and mortality in country-level data is not robust to recomputing … the mass-privatization measure, to assuming a short lag for economic policies to affect mortality, and to controlling for … evidence that privatization increased mortality during the early 1990s. Finally, we reanalyze the relationship between …

excel. Our study is the first in the privatization literature to go beyond performance comparisons and examine firm …

: privatization or restructuring of the state sector is efficient and complete shutting down of the state sector is inefficient …

We analyze the role of privatization in creating a constituency for economic reform, markets, and democratic … privatization, we find positive effects for participants retaining shares, but little impact of participation alone. Our simulations …

liberalization, privatization, and stabilization reforms. Theory predicts that decentralization may aggravate fiscal imbalances … over 19 years to address a central question of fact: Did privatization help to promote local governments' fiscal discipline …? The answer is clearly ‘no' for privatization considered in isolation. However, privatization and subnational fiscal …