Lev M. Freinkman is a Consultant in the Russia Country Operation Division at the World Bank in Washington, D.C., USA and Dr. Irina Starodubrovskaya is an Economist at the Moscow Resident Mission of the World Bank in Moscow, Russia. The views contained in this paper are those of the authors and do not reflect necessarily the views of the World Bank. The paper reflects some findings derived from the preparation work done under the World Bank's Enterprise Housing Divestiture Project. The Project was managed by Dennis Whittle and Mari Kuraishi, whom we are very grateful for stimulating discussions and organizational support. We thank also Marina Krasilnikova, Olga Shabalina, Jeff Procak, Alexander Morozov, and Natasha Veligura for helpful comments and help with collecting and processing the data.
Any errors are our own.