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 …

sector and the large scale privatization. The guiding question of the project is: Why do some governments of CEE produce … coherent reforms of banking sector and large scale privatization, while others were less successful? In order to answer this …

market reforms in the industrialized world. The use of innovative multi-case studies and in-depth interviews with senior …