haku: @author Maw, J. / yhteensä: 2
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| Tekijä: | Bennett, J. Maw, J. |
| Otsikko: | Privatisation and market structure in a transition economy |
| Lehti: | Journal of Public Economics
2000 : SEP, VOL. 77:3, p. 357-382 |
| Asiasana: | Market structure Privatization Transition economies |
| Kieli: | eng |
| Tiivistelmä: | A model is developed in which an industry of N>1 firms is privatised. The "participation" method of privatisation is used, whereby firms are sold for cash, but the state retains a proportionate share of ownership. In each firm the new private owner has the opportunity to make a reorganisational investment, before output is produced. This investment is unobservable by the state, and therefor non-contractible. |
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