In reality privatization has never occurred according to the handbook rules of ordinary market transactions. Not even … in advanced market economies can privatization transactions be described by the Walrasian or Arrowian, or Leontiefian … equilibrium models, or by the equilibrium models of the game theory. In these economies transactions of privatization take place …

been given to property rights, and privatization has been advocated as a means to depoliticize economic activities. The …

varies across regions. We study the effects of privatization, the importance of different types of owners, the effects of …

privatization process of developing countries, with a particular emphasis on the role of the institutional environment. First, we …

Joint-stock companies are among the most fundamental components of a market economy. “Voucher privatization” in the …

This paper deals with the development of public institutions in Russia. …