This article uses the sequencing of privatization to infer the objective pursued by the Polish government in the privatization of its large manufacturing firms in the second half of the 1990s. We construct a model of mixed oligopoly and use it to evaluate the privatization process; our analysis is based on the assumption that firms which furthered the government's objective function the most would be chosen to be privatized first. Based on the features of the firms that were chosen for early privatization, our empirical analysis suggests that welfare maximization was more important than the desire to maximize the revenues from privatization and the government's budget or to minimize employment losses.

DE FRAJA, G., Roberts, B. (2009). Privatization in Poland: What was the government trying to achieve?. ECONOMICS OF TRANSITION, 17(3), 531-557 [10.1111/j.1468-0351.2009.00356.x].

Privatization in Poland: What was the government trying to achieve?

DE FRAJA, GIOVANNI;
2009-01-01

Abstract

This article uses the sequencing of privatization to infer the objective pursued by the Polish government in the privatization of its large manufacturing firms in the second half of the 1990s. We construct a model of mixed oligopoly and use it to evaluate the privatization process; our analysis is based on the assumption that firms which furthered the government's objective function the most would be chosen to be privatized first. Based on the features of the firms that were chosen for early privatization, our empirical analysis suggests that welfare maximization was more important than the desire to maximize the revenues from privatization and the government's budget or to minimize employment losses.
2009
Pubblicato
Rilevanza internazionale
Articolo
Sì, ma tipo non specificato
Settore MAT/05 - ANALISI MATEMATICA
English
Eastern Europe; Mixed oligopoly; Poland; Privatization
DE FRAJA, G., Roberts, B. (2009). Privatization in Poland: What was the government trying to achieve?. ECONOMICS OF TRANSITION, 17(3), 531-557 [10.1111/j.1468-0351.2009.00356.x].
DE FRAJA, G; Roberts, B
Articolo su rivista
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/2108/30523
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