Showing 1 - 10 of 8,573
Persistent link: https://www.econbiz.de/10005056472
Why do some countries adopt market-oriented reforms such as deregulation, privatization and liberalization of … competition in their infrastructure industries while others do not? Why did the pace of adoption accelerate in the 1990s? Building … on neo-institutional theory in sociology, we argue that the domestic adoption of market-oriented reforms is strongly …
Persistent link: https://www.econbiz.de/10005784793
other. As for competition policy, this implies that growth-enhancing policies maybe misguided and that quick deregulation as …This paper proves three theorems on growth and competition in a standard increasing variety endogenous growth model and … draws conclusions for second-best competition policies. First, no growth may be better than some growth, since modest …
Persistent link: https://www.econbiz.de/10005607532
With this theoretical survey the thesis is put forward that the method of privatization as well as the structure of the … privatization agency is choosen by the politicians for politico-economic reasons, and not for reasons of saving transaction costs or … for reasons of ideological preferences. The method of privatization (auction, bargaining, giveaway) is the one that is …
Persistent link: https://www.econbiz.de/10009276794
Persistent link: https://www.econbiz.de/10005037412
optimal policy choice is to combine privatization with proactive competition policies. …The article argues that most objections against a new wave of privatization in Russia suffer from a 'Nirvana fallacy …', i.e., rely on undue comparison of limited (yet positive) results of actual privatization policies with the alleged …
Persistent link: https://www.econbiz.de/10010752659
privatization in postcommunist Russia. Taking advantage of large regional variation in the size of public administrations, and … employing a multilevel research design that controls for pre-privatization selection in the estimation of regional privatization … effects, we examine the relationship between state bureaucracy and the impact of privatization on firm productivity. We find …
Persistent link: https://www.econbiz.de/10005002818
A wide range of services provided by the public sector are credence goods, i.e., services for which the producer has private information whether a certain treatment is needed or not. This paper studies how ownership affects the incentives for producers to reveal such information to public...
Persistent link: https://www.econbiz.de/10005419540
I develop a model of public sector contracting based on the multitask framework by Holmström and Milgrom (1991). In this model, an agent can put effort into increasing the quality of a service or reducing costs. Being residual claimants, private owners have stronger incentives to cut costs than...
Persistent link: https://www.econbiz.de/10005423776
This paper yields a rationale for why subsidized public banks may be desirable from a regional perspective in a financially integrated economy. We present a model with credit rationing and heterogeneous regions in which public banks prevent a capital drain from poorer to richer regions by...
Persistent link: https://www.econbiz.de/10005612394