The paper analyzes the implementation of privatization in Russia in the framework of incentive theory. The central … government needs the support of local privatization agencies. They possess private knowledge concerning: a) their personal reform … attitude; b) local privatization conditions. According to the tradeoff between rent extraction and efficiency, the speed of …

This paper evaluates the impact of privatization on the development of capital markets in a two-country general … systems) and voucher privatizations (in transition economies). It is shown how these two privatization methods can have an … international asset allocation strategies. We show that even a non-marketed privatization (free distribution of public assets to …