Privatization in Russia: some micro‐evidence based on housing markets
G.S. Maddala
(Ohio State University, Columbus, Ohio, USA)
Yasushi Toda
(University of Florida, Gainesville, Florida, USA and Graduate School of International Business, Moscow, Russia)
Nadezhda Nozdrina
(Institute of Economic Forecasting, Russian Academy of Sciences, Moscow, Russia)
337
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.
Keywords
Citation
Maddala, G.S., Toda, Y. and Nozdrina, N. (1998), "Privatization in Russia: some micro‐evidence based on housing markets", International Journal of Social Economics, Vol. 25 No. 2/3/4, pp. 380-387. https://doi.org/10.1108/03068299810193650
Publisher
:MCB UP Ltd
Copyright © 1998, MCB UP Limited