all the post-communist countries have become market economies and have achieved macroeconomic stability. Privatization was … has occurred. What went wrong? How could privatization be done better, or be defended? What should be done to defend … private enterprise in the future? This paper argues that the nature of privatization is far less important than the …

The authors critically discuss some of the theses of Svetozar Pejovich from his article On the Privatization of "Stolen … privatization of an individual enterprise with the privatization of the society as a whole, i.e. the actual task of the governments … the attempts to postpone, e.g., privatization - freeze it till some optimal legal frame emerges and-or is installed. (4 …

This study is a natural continuation of the author’s earlier book on privatization in Hungary, covering the … somewhat misleading, if compared to the privatization revenues generated by previous governments prior to 2010. However, if all … the post 2010 nationalization deals were much smaller than the 1990-2000 privatization deals. …

This study is a natural continuation of the author fs earlier book on privatization in Hungary, covering the … somewhat misleading, if compared to the privatization revenues generated by previous governments prior to 2010. However, if all … the post 2010 nationalization deals were much smaller than the 1990-2000 privatization deals. …

characterizes China's state sector. The model demonstrates the nature of the bargain between the principals (i.e., officials from … China's State Asset Council) and the agents (large-SOE managers). We derive an indifference payoff point, which maximizes … party in the game. This condition helps to explain the inability of China's political economy system to privatize …

China's large state-owned enterprises in the past decades. We come up with the views that there are 3 types of incentives … that lead to the expansion of asset size of large SOEs in China. First, the SOE manager is interested in maximizing her …

of large state-owned enterprises (SOEs) in China. Our model shows that the delegation of decision making authority to SOE … of the party-committee control within large SOEs in China …