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1 – 1 of 1G.S. Maddala, Yasushi Toda and Nadezhda Nozdrina
Examines the importance of the role of economic incentives in privatization using data collected at the micro level from auctions of state‐owned apartments in Moscow. Describes…
Abstract
Examines the importance of the role of economic incentives in privatization using data collected at the micro level from auctions of state‐owned apartments in Moscow. Describes the nature of the auctions, the data collected and the estimated hedonic price functions. Concludes that the auction prices are very well explained by economic factors, particularly after the price liberalization that happened in 1992.
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