Author:Filer, R. K.
Hanousek, J.
Title:Informational content of prices set using excess demand: the natural experiment of Czech voucher privatization
Journal:European Economic Review
2001 : OCT, VOL. 45:9, p. 1619-1646
Index terms:AUCTIONS
MARKETS
PRICES
PRIVATIZATION
CZECH REPUBLIC
Language:eng
Abstract:The natural experiment of voucher privatization in the Czech Republic is used to test whether prices that were adjusted in a limited number of discrete steps based primarily on the extent of excess demand or supply are able to fully reflect both public and private information.
SCIMA record nr: 226361
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