liberalization and their privatization which can be complete or partial such that upstream production is still run by an SOE. We show … in most cases even if a holdup problem exists. For any vertically separated structure we find that privatization through … multi-product firms welfare dominates privatization through single-product firms. -- Privatization ; vertical integration …

There is a huge body of literature in the social sciences that deals with the privatization of public enterprises in … findings of comparative inquiries on the factors influencing cross-national differences in privatization efforts across the … incomplete insofar, as they mostly focus just on one dimension of privatization: the monetary or ‘material’ aspect typically …