Brezis, Elise S.; Schnytzer, Adi - 2010
did not, lies in the nature of the privatization reform introduced by the communist leadership. The privatization that we … call 'Market-Leninist', was implemented in China and Vietnam while the second type of privatization, termed 'Embezzlement … for a rainy day' was the type of privatization implemented in Eastern Europe. We show, in the context of a game between …