form of ownership, and the corresponding estimation of privatization in the context of the advantages and disadvantages of … the public and private sectors of the national economy. Various interpretations of the fundamental privatization theorem … are considered: based on the principal-agent relationship; based on the comparison of the structure of information flows …

their effect on the efficiency of economic processes. Special attention is paid to the problem of information retrieval as a …

We analyze the incentives for information disclosure in financial markets. We show that borrowers may have incentives … to voluntarily withhold information and that doing so is most attractive for claims that are inherently hard to value … incentives for information disclosure and have ambiguous ex-ante effects. …