PRODUCT MARKET REGULATION AND MARKET MECHANISM CHOICE
NICOLAE TUDORESCU • CONSTANTIN ZAHARIAABSTRACT. Dostie and Sahn estimate a model of labor market dynamics among individuals in Romania using panel data for three years, 1994 to 1996, in order to gain insight into the functioning of the labor market and how workers are coping during this period of economic liberalization and transformation that began in 1990. Fay et al. benchmark product market policies in Romania to those of OECD countries by estimating OECD indicators of Product Market Regulation (PMR). Quan proposes a model of mechanism choice in the disposition of real estate assets, and considers two alternatives: a search market and an auction.