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Privatization and Restructuring: An Incomplete--Contract Approach

  • Dieter B”s
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    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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    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
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    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

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    1. unknown, 1993. "Privatization in Europe: A comparison of approaches," Discussion Paper Serie A 376, University of Bonn, Germany.
    2. Hardman Moore, John & Hart, Oliver, 1985. "Incomplete Contracts and Renegotiation," CEPR Discussion Papers 60, C.E.P.R. Discussion Papers.
    3. Richard Green & Catherine Waddams Price, 1995. "Liberalisation and divestiture in the UK energy sector," Fiscal Studies, Institute for Fiscal Studies, vol. 16(1), pages 75-89, February.
    4. Bos, Dieter & Lulfesmann, Christoph, 1996. " The Hold-Up Problem in Government Contracting," Scandinavian Journal of Economics, Wiley Blackwell, vol. 98(1), pages 53-74, March.
    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. Roland, Gerard, 1994. "On the Speed and Sequencing of Privatisation and Restructuring," Economic Journal, Royal Economic Society, vol. 104(426), pages 1158-68, September.
    7. Aghion, Philippe & Dewatripont, Mathias & Rey, Patrick, 1994. "Renegotiation Design with Unverifiable Information," Econometrica, Econometric Society, vol. 62(2), pages 257-82, March.
    8. Chung, Tai-Yeong, 1991. "Incomplete Contracts, Specific Investments, and Risk Sharing," Review of Economic Studies, Wiley Blackwell, vol. 58(5), pages 1031-42, October.
    9. Bos, Dieter, 1993. "Privatization in Europe: A Comparison of Approaches," Oxford Review of Economic Policy, Oxford University Press, vol. 9(1), pages 95-111, Spring.
    10. De Fraja, Gianni, 1999. "After You Sir. Hold-Up, Direct Externalities, and Sequential Investment," Games and Economic Behavior, Elsevier, vol. 26(1), pages 22-39, January.
    11. Aghion, Philippe & Blanchard, Olivier & Burgess, Robin, 1994. "The behaviour of state firms in eastern Europe, pre-privatisation," European Economic Review, Elsevier, vol. 38(6), pages 1327-1349, June.
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