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A Theory of Ownership Arrangements and Smooth Transition

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Author Info
Guoqiang Tian

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Abstract

This paper develops a theoretical model that determines the optimal ownership arrangement in an imperfect market and government institutional environment, especially in transitional economies. It studies the interdependence of institutional environments and ownership arrangements. The theory developed sheds some light on predicting how the transition from a command economy to a free market economy takes place. It shows that an ownership arrangement may not be changed effectively without changing economic and political institutional environments.

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Publisher Info
Article provided by Mohr Siebeck, Tübingen in its journal Journal of Institutional and Theoretical Economics.

Volume (Year): 157 (2001)
Issue (Month): 3 (September)
Pages: 380-
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Handle: RePEc:mhr:jinste:urn:sici:0932-4569(200109)157:3_380:atooaa_2.0.tx_2-4

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Find related papers by JEL classification:
L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior
L3 - Industrial Organization - - Nonprofit Organizations and Public Enterprise
P5 - Economic Systems - - Comparative Economic Systems

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Lingang Song & Yang Yao, 2004. "Impacts of Privatization on Firm Performance in China," Macroeconomics Working Papers 449, East Asian Bureau of Economic Research. [Downloadable!]
  2. Boudewijn Bouckaert, 2007. "Bureaupreneurs in China: we did it our way," European Journal of Law and Economics, Springer, vol. 23(2), pages 169-195, April. [Downloadable!] (restricted)
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This page was last updated on 2009-12-3.

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