Privatization in the Czech Republic has been seen as an extremely important part of the reform package together with stabilization and liberalization, and is supported by both the public and parliament; an important consideration is ensuring that the process maintains its momentum. The Czech...

The paper is intended to contribute to the microeconomic analysis of transition. Two alternative decision models of the firm are presented. The difference is analysed between the transformation of a state firm into a firm with a dominant private owner and a firm with dispersed private owners....

The author stresses specific features of restructuring under transition of a post-communist economy. He presents a formal model comparing the restructuring of three different firms characterized by ownership under the assumption of imperfect capital and financial markets. The empirical...

Transition economies and the underlying processes that have occurred during the last four years in the eastern European countries are in the spotlight of leading economists. Unfortunately, the theory of economic transition can hardly explain these processes; even the intuition is often missing....

This study is a contribution to the discussion about restructuring the manufacturing industry of the Czech Republic during the period 1991-93. The analysis is based on a unique data set created from a survey carried out in February 1994. The central objective of the study is to test whether the...