through 2000. We find that governments do not relinquish control after privatization. We show that the market-to-book ratios …

International organizations promote privatization as precondition for economic development. But is there really too … little privatization? This political economy model asks for the incentives of governments to privatize or restructure a state …-owned firm. Different government types are compared to identify the political and institutional determinants of privatization …

We analyze the role of privatization in creating a constituency for economic reform, markets, and democratic … privatization, we find positive effects for participants retaining shares, but little impact of participation alone. Our simulations …

One of the most important determinants of success for large-scale privatization programmes is the long-term commitment … is shown that a mass privatization scheme which includes substantial free distribution of shares may induce more … investment, higher expected profits and higher privatization revenues for the government than a policy that relies exclusively on …

evidence broadly consistent with the concept of "reluctant privatization", defined as the transfer of ownership rights in State …

International organizations promote privatization as precondition for economic development. But is there really too … little privatization? This political economy model asks for the incentives of governments to privatize or restructure a state …-owned firm. Different government types are compared to identify the political and institutional determinants of privatization …