Privatization in Eastern Germany: A Neo-Institutional Analysis

ISBN-13: 9780714643359 / Angielski / Miękka / 1997 / 299 str.

Herbert Brucker

Opis

This text gives an analysis of privatization and restructuring by the Treuhandanstalt in East Germany. It also addresses the theoretical and conceptual problems of large-scale privatization in the transformation process. Contrary to many transition economies, the East German privatization approach was based on the sale of state-owned companies to strategic investors under the constraint of a mixed set of allocative criteria, including employment and investment objectives. In order to achieve these objectives, the Treuhandanstalt frequently granted huge subsidies to private investors. This required the negotiation and enforcement of complex contracts. Their approach encountered widespread criticism in the public as well as the academic literature.

Spis treści

Economic Systems- "Brücker"s comprehensive analysis of East German privatization adds to a powerful justification of the THA"s approach on the basis of a neo-institutional framework.

O autorze

Herbert Brücker