Why do rational communists not obstruct the transformation process?

Adi Schnytzer

doi:10.1007/bf01047908

Why do rational communists not obstruct the transformation process?

Adi Schnytzer

Department of Economics

Research output: Contribution to journal › Article › peer-review

4 Scopus citations

Abstract

This paper presents a theory of spontaneous privatization based on rational expected-utility maximizing behavior by incumbent communists who foresee the end of communist rule and transform political power into asset ownership. The conclusions of the theory are supported by the privatization experiences of Czechoslovakia, Poland and Hungary.

Original language	English
Pages (from-to)	143-156
Number of pages	14
Journal	Public Choice
Volume	85
Issue number	1-2
DOIs	https://doi.org/10.1007/bf01047908
State	Published - Oct 1995

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10.1007/bf01047908

Cite this

@article{618c2a22d10d49119cda29fc940b5e4c,

title = "Why do rational communists not obstruct the transformation process?",

abstract = "This paper presents a theory of spontaneous privatization based on rational expected-utility maximizing behavior by incumbent communists who foresee the end of communist rule and transform political power into asset ownership. The conclusions of the theory are supported by the privatization experiences of Czechoslovakia, Poland and Hungary.",

author = "Adi Schnytzer",

year = "1995",

month = oct,

doi = "10.1007/bf01047908",

language = "אנגלית",

volume = "85",

pages = "143--156",

journal = "Public Choice",

issn = "0048-5829",