Politicians and Firms

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ID: 289929
1994
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Abstract
We present a model of bargaining between politicians and managers that explains many stylized facts about the behavior of state firms, their commercialization, and privatization. Subsidies to public enterprises and bribes from managers to politicians emerge naturally in the model. We use the model and several extensions to understand why commercialization and privatization might work, and what forces contribute to effective restructuring of public enterprises. We illustrate the model using examples from several countries.
Reference Key
openalex_W2030132760 Use this key to autocite in the manuscript while using SciMatic Manuscript Manager or Thesis Manager
Authors Andrei Shleifer, Robert W. Vishny
Journal the quarterly journal of economics
Year 1994
DOI
10.2307/2118354
URL
Keywords Keywords not found

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