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Choosing between Big-Bang and Gradualist Reforms: An Option Price Approach

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  • Katz, Barbara G.
  • Owen, Joel

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  • Katz, Barbara G. & Owen, Joel, 2000. "Choosing between Big-Bang and Gradualist Reforms: An Option Price Approach," Journal of Comparative Economics, Elsevier, vol. 28(1), pages 95-107, March.
    • Handle: RePEc:eee:jcecon:v:28:y:2000:i:1:p:95-107
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    References listed on IDEAS

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    1. Dewatripont, Mathias & Roland, Gerard, 1995. "The Design of Reform Packages under Uncertainty," American Economic Review, American Economic Association, vol. 85(5), pages 1207-1223, December.
    2. Katz Barbara G. & Owen Joel, 1993. "Privatization: Choosing the Optimal Time Path," Journal of Comparative Economics, Elsevier, vol. 17(4), pages 715-736, December.
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    Cited by:

    1. Fardmanesh, Mohsen & Tan, Li, 2003. "Wage and price control policies in transition economies," Journal of Development Economics, Elsevier, vol. 70(1), pages 173-200, February.
    2. Alshyab, Nooh, 2013. "The Political Economy of Reform and Development of the Washington Consensus," MPRA Paper 46014, University Library of Munich, Germany.
    3. Kim, Byung-Yeon & Pirttila, Jukka, 2006. "Political constraints and economic reform: Empirical evidence from the post-communist transition in the 1990s," Journal of Comparative Economics, Elsevier, vol. 34(3), pages 446-466, September.
    4. Pennings, Enrico, 2008. "Privatization of real options," Journal of Comparative Economics, Elsevier, vol. 36(3), pages 489-497, September.
    5. Barbara G. Katz & Joel Owen, 2004. "Moving Toward the Rule of Law in the Face of Corruption: Re-examining the Big-Bang," Working Papers 04-34, New York University, Leonard N. Stern School of Business, Department of Economics.
    6. Arkin, V. & Slastnikov, A., 2019. "Mathematical Model of Unitary Enterprise Privatization in the Real Sector," Journal of the New Economic Association, New Economic Association, vol. 43(3), pages 12-33.
    7. Barbara G. Katz & Joel Owen, 2009. "Are property rights enough? Re‐evaluating a big‐bang claim1," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 17(1), pages 75-96, January.

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