The spur for privatization and its impact on economic performance have been analysed from many perspectives, including … microeconomics, macroeconomics, and institutional economics. Previous research has focused on efficiency reasons for privatization at … investigates the macroeconomic facet of privatization with particular attention paid to the relation between privatization and …

state owned business, privatization, private finance initiative, but these forms of PPPs are not adopted by all specialists …. Some organizations and specialists exclude privatization from the PPPs, because in their opinion PPPs are viable … alternatives to privatization. The concept of PPP is very ambiguous. …

preferable. Technology adoption crucially depends on how property rights are distributed and which method of privatization is …' equity shares, may perform worse. Furthermore only a Big Bang approach to privatization might lead to favorable outcomes. …

policy of mass privatization will be implemented - if the manager's utility enters the political support function with a … privatization schemes sacrifice efficiency to satisfy political constraints and show that they can be very attractive from an …

The paper offers a selective survey on the incomplete contracts approach to privatization. Furthermore, a simple model … of privatization to an owner-manager is developed in which different allocations of ownership rights lead to different …, privatization is a commitment device of the government to credibly reward the manager for a successful cost reduction and to harden …

This paper deals with a special hold-up problem in privatization. …