ABSTRACT The contribution of this paper is twofold. First, we use the administrative dataset of the Privatization Agency of Kosovo between 2003 and 2018 to analyze the factors affecting privatization prices. We identify the effects of five sets of variables: features of the auction process; Privatization Agency-related variables; buyer characteristics; asset characteristics; and election-related variables. Second, beyond this econometric investigation, we explore the complexities of the privatization process in Kosovo, in particular the Kosovo-specific factors that may have influenced the prices of privatized enterprises and assets. Policy implications suggest measures to enhance the credibility of the privatization process and related institutions.

中文翻译：

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拍卖私有化：科索沃资产价格的决定因素

摘要 本文的贡献是双重的。首先，我们使用科索沃私有化机构2003-2018年的行政数据集来分析影响私有化价格的因素。我们确定了五组变量的影响：拍卖过程的特征；私有化机构相关变量；买家特征；资产特征；和选举相关的变量。其次，除了这项计量经济学调查之外，我们还探讨了科索沃私有化过程的复杂性，特别是可能影响私有化企业和资产价格的科索沃特定因素。政策影响建议采取措施提高私有化进程和相关机构的可信度。