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Privatization and Restructuring: An Incomplete--Contract Approach

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  • Dieter B”s
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    Abstract

    This paper deals with a special hold-up problem in privatization.

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    File URL: http://www.wiwi.uni-bonn.de/bgsepapers/bonsfa/bonsfa523.ps
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    Bibliographic Info

    Paper provided by University of Bonn, Germany in its series Discussion Paper Serie A with number 523.

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    Date of creation: Jun 1996
    Date of revision:
    Handle: RePEc:bon:bonsfa:523

    Contact details of provider:
    Postal: Bonn Graduate School of Economics, University of Bonn, Adenauerallee 24 - 26, 53113 Bonn, Germany
    Fax: +49 228 73 6884
    Web page: http://www.bgse.uni-bonn.de

    Related research

    Keywords: Privatization; Industrial Restructuring; Transition; Incomplete Contracts;

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    References

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    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.:
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    1. Mathias Dewatripont & Philippe Aghion & Patrick Rey, 1994. "Renegotiation design with unverifiable information," ULB Institutional Repository 2013/9591, ULB -- Universite Libre de Bruxelles.
    2. Roland, Gérard, 1994. "On the Speed and Sequencing of Privatization and Restructuring," CEPR Discussion Papers, C.E.P.R. Discussion Papers 942, C.E.P.R. Discussion Papers.
    3. unknown, 1993. "Privatization in Europe: A comparison of approaches," Discussion Paper Serie A, University of Bonn, Germany 376, University of Bonn, Germany.
    4. Aghion, Philippe & Blanchard, Olivier & Burgess, Robin, 1994. "The behaviour of state firms in eastern Europe, pre-privatisation," European Economic Review, Elsevier, Elsevier, vol. 38(6), pages 1327-1349, June.
    5. Georg Noldeke & Klaus M. Schmidt, 1995. "Option Contracts and Renegotiation: A Solution to the Hold-Up Problem," RAND Journal of Economics, The RAND Corporation, vol. 26(2), pages 163-179, Summer.
    6. Oliver Hart & John Moore, 1985. "Incomplete Contracts and Renegotiation," Working papers, Massachusetts Institute of Technology (MIT), Department of Economics 367, Massachusetts Institute of Technology (MIT), Department of Economics.
    7. De Fraja, Gianni, 1999. "After You Sir. Hold-Up, Direct Externalities, and Sequential Investment," Games and Economic Behavior, Elsevier, Elsevier, vol. 26(1), pages 22-39, January.
    8. Bos, Dieter, 1993. "Privatization in Europe: A Comparison of Approaches," Oxford Review of Economic Policy, Oxford University Press, Oxford University Press, vol. 9(1), pages 95-111, Spring.
    9. Richard Green & Catherine Waddams Price, 1995. "Liberalisation and divestiture in the UK energy sector," Fiscal Studies, Institute for Fiscal Studies, Institute for Fiscal Studies, vol. 16(1), pages 75-89, February.
    10. Aghion, Philippe & Dewatripont, Mathias & Rey, Patrick, 1994. "Renegotiation Design with Unverifiable Information," Scholarly Articles 12375014, Harvard University Department of Economics.
    11. Bos, Dieter & Lulfesmann, Christoph, 1996. " The Hold-Up Problem in Government Contracting," Scandinavian Journal of Economics, Wiley Blackwell, Wiley Blackwell, vol. 98(1), pages 53-74, March.
    12. Chung, Tai-Yeong, 1991. "Incomplete Contracts, Specific Investments, and Risk Sharing," Review of Economic Studies, Wiley Blackwell, Wiley Blackwell, vol. 58(5), pages 1031-42, October.
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