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considerations. They argue that important policy goals like universal service will not be achieved by competition. However, an … my article, I describe a new concept of public-private competition, according to which governments use state owned … possible to extend public-private competition from urban to rural areas, where markets are too small to sustain more than one …
Persistent link: https://www.econbiz.de/10008738339
liberalization and their privatization which can be complete or partial such that upstream production is still run by an SOE. We show … in most cases even if a holdup problem exists. For any vertically separated structure we find that privatization through … multi-product firms welfare dominates privatization through single-product firms. -- Privatization ; vertical integration …
Persistent link: https://www.econbiz.de/10003871843
firms undertake them if incentives are strong enough. -- Privatization ; public sector contracting ; incomplete contracts …
Persistent link: https://www.econbiz.de/10003456076
Australia has a rich public-private mix of financing and provision of healthcare. Since mid-2015, the higher growth in out of pocket costs relative to the growth in wages began to reduce the affordability of private healthcare and marked the start of the drop in private health insurance...
Persistent link: https://www.econbiz.de/10012321080
Privatisierung aus polit-ökonomischen Erwägungen von den jeweiligen Politikern ausgewählt bzw. strukturiert wird, und nicht aus …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 …
Persistent link: https://www.econbiz.de/10010275470
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/10010320112
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/10010281289
In the past two decades privatisation and liberalisation of network industries providing services of general economic interest (SGEI), have been particularly significant in the European Union. Wide variations around a common policy trend can, however, be observed across countries and sectors. We...
Persistent link: https://www.econbiz.de/10003985907
survey data from 300 Ukrainian firms. The main findings are: 1) ownership and competition are linked to managerial change: de … their own but together positively affect profitability. 3) Similarly tough competition improves profitability and … productivity in privatised firms only. 4) These findings suggest that privatisation, competition and managerial change are …
Persistent link: https://www.econbiz.de/10009755918
within less than five years. We examine whether the privatization authority followed its mandate to privatize competitive … investors, and are more likely to remain in business even 20 years after leaving public ownership. The privatization agency …
Persistent link: https://www.econbiz.de/10012287328