Privatisation, Politics, and Economic Performance in Hungary [Hardcover]

This is a comprehensive 1998 study placing politicking at the centre of the privatisation process.Why do some privatisations apparently fail to produce expected positive results? Economic theory tells us that privatisation should improve efficiency, but this book suggests that political bargaining in the process of privatisation works against the results we expect to achieve. This is the first and only book on privatisation which focuses on micro-level behavioural issues and it uses exceptionally rich case evidence to illustrate that privatisation is more about politics than performance.Why do some privatisations apparently fail to produce expected positive results? Economic theory tells us that privatisation should improve efficiency, but this book suggests that political bargaining in the process of privatisation works against the results we expect to achieve. This is the first and only book on privatisation which focuses on micro-level behavioural issues and it uses exceptionally rich case evidence to illustrate that privatisation is more about politics than performance.Why do some privatizations apparently fail to produce the expected positive results? Economic theory tells us that privatization should improve efficiency, but this book suggests that political bargaining in the process of privatization works against the results we expect to achieve. This is the first and only book on privatization that focuses on micro-level behavioral issues. It uses exceptionally rich case evidence to illustrate that privatization is more about politics than performance.List of figures; List of tables; Preface; Acknowledgements; 1. Introduction; 2. Privatisation and firm behaviour; 3. A political bargaining framework; 4. The policy context; 5. Behaviour in transition; 6. Corporate governance and politicking; 7. Conclusion; Appendix; References; Index.