Privatization under Asymmetric Information

Dieter Bös

No 244, CESifo Working Paper Series from CESifo

Abstract: This paper models privatization as a cooperative game between the government, a trade union and the private shareholders. These players kno w that privatization increases the efficiency of a firm, but only the management of the firm knows the exact value of the relevant productivity-increasing parameter. This incomplete information changes many of the results which were attained in Bös (1991) in a full-information setting.

Keywords: Privatization; asymmetric information (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_244

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