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The relative efficiency of producer cooperatives is investigated through an examination of the financial performance of …
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In the 19th century, the Liverpool Cotton Brokers Association (CBA) coordinated the dramatic growth of Liverpool's raw cotton market. This article shows how the CBA achieved this through the development of a private order institutional framework that improved information flows, introduced...
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Poland over 1995-2015, we show that rushed privatization has negative efficiency, scale and employment effects relative to … stronger than its negative effect on efficiency. Our results suggest that when policy makers resort to rushed privatization …, increase or decrease firms' efficiency, scale of operation (size) and employment. Using a large panel of firm-level data from …
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