RAGAZZI, Giorgio; DOMENICO, Massimo DI - In: Rivista Italiana degli Economisti 11 (2006) 2, pp. 161-184
politicians may obtain from privatization benefits greater than the present value of the rent from control. Modelling this trade … potential efficiency gains may be limited, privatization reduces the political cost of increasing tariffs and offers to the … politicians the opportunity to gain a new, different rent from the private enterprise. In regulated markets, after privatization …