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Privatization in Eastern Europe: Irreversibility and Critical Mass Effects
Roland, Gérard; Verdier, Thierry - C.E.P.R. Discussion Papers - 1992
This paper proposes a model to shed light on two important policy features of privatization in Central and Eastern … Europe: the idea of a necessary critical mass of privatization on the one hand, and the difficulties encountered in the … actual privatization process on the other, related to the government's inability to precommit to announced policies. The main …
Persistent link: https://www.econbiz.de/10005497782
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A MESSAGE TO GORBACHEV:REDISTRIBUTE THE WEALTH
Feige, Edgar L. - EconWPA - 2005
and privatization policies. This paper outlines a combination of policies believed to be necessary, if not sufficient to …
Persistent link: https://www.econbiz.de/10005062463
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Lange and Hayek Revisited: Lessons from Czech Voucher Privatization
Hanousek, Jan; Filer, Randall K. - Center for Economic Research and Graduate Education and … - 2000
involved in the Czech voucher privatization process to test whether a sequential process of trial-and-error can set …
Persistent link: https://www.econbiz.de/10005178138
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Lange and Hayek Revisited: Lessons from Czech Voucher Privatization
Hanousek, Jan; Filer, Randall K. - EconWPA - 2001
involved in the Czech voucher privatization process to test whether a sequential process of trial-and-error can set …
Persistent link: https://www.econbiz.de/10005407695
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SOCIALIST PRIVATIZATION: RESPONSE
Feige, Edgar L. - EconWPA - 2005
In earlier papers on “Socialist privatization” Feige proposed a sequential set of stabilization, privatization and …
Persistent link: https://www.econbiz.de/10005118677
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Money Illusion and Coordination Failure
Fehr, Ernst; Tyran, Jean-Robert - 2004
Economists long considered money illusion to be largely irrelevant. Here we show, however, that money illusion has powerful effects on equilibrium selection. If we represent payoffs in nominal terms, choices converge to the Pareto inefficient equilibrium; however, if we lift the veil of money by...
Persistent link: https://www.econbiz.de/10010261781
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Career Choice, Marriage-Timing, and the Attraction of Unequals
Dessy, Sylvain; Djebbari, Habiba - 2005
Both men and women wish to have a family and a rewarding career. In this paper, we show that the under-representation of women in high-powered professions may reflect a coordination failure in young women?s marriage-timing decisions. Since investing in a highpowered career imposes time strain,...
Persistent link: https://www.econbiz.de/10010262662
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Money Illusion and Coordination Failure
Fehr, Ernst; Tyran, Jean-Robert - 2004
Economists long considered money illusion to be largely irrelevant. Here we show, however, that money illusion has powerful effects on equilibrium selection. If we represent payoffs in nominal terms, choices converge to the Pareto inefficient equilibrium; however, if we lift the veil of money by...
Persistent link: https://www.econbiz.de/10010315833
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Money illusion and coordination failure
Fehr, Ernst; Tyran, Jean-Robert - 2004
Economists long considered money illusion to be largely irrelevant. Here we show, however, that money illusion has powerful effects on equilibrium selection. If we represent payoffs in nominal terms, choices converge to the Pareto inefficient equilibrium; however, if we lift the veil of money by...
Persistent link: https://www.econbiz.de/10011402620
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Multiple equilibria: coordination failure and endogenous cycle
Panci, Amedeo - Dipartimento di Economia e Diritto, Facoltà di Economia - 1999
An imperfectly competitive economy is considered were aggregate externalities are the source of multiple equilibria. In fact, the choice to adopt a higher productivity technique implies a lower price for the single market and a lower average price at an aggregate level. This results in a higher...
Persistent link: https://www.econbiz.de/10009649883