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Social Security Reform and Population Ageing in a Two-Sector Growth Model

van Groezen, Bas; Meijdam, Lex; Verbon, H.A.A. - Tilburg University, Center for Economic Research - 2002

This paper analyses the effects of reducing unfunded social security and population ageing on economic growth and welfare, both for a small open economy and for a closed economy.The economy consists of a service sector and a commodity sector.Productivity growth only occurs in the latter sector...

Persistent link: https://www.econbiz.de/10011090756

Regulation, Privatization, and Airport Charges: Panel Data Evidence from European Airports

Bilotkach, Volodymyr; Clougherty, Joseph A.; Mueller, … - C.E.P.R. Discussion Papers - 2011

privatization on airport charges in a panel data setting where fixed effects can be employed to mitigate endogeneity concerns. Our …

Persistent link: https://www.econbiz.de/10009351519

Assessing the impact of Mali’s water privatization across stakeholders

Estache, Antonio; Grifell-Tatjé, Emili - C.E.P.R. Discussion Papers - 2011

This paper offers a unique quantitative evaluation of the distribution of the welfare of a water privatization … intermediate suppliers and investors have also clearly benefited during the short privatization duration. However the paper also …

Persistent link: https://www.econbiz.de/10009399719

Raising the Financial Costs of Children and Fertility Responses: Evidence from the Kibbutz

Ebenstein, Avraham; Hazan, Moshe; Simhon, Avi - C.E.P.R. Discussion Papers - 2011

examines the impact of the privatization of kibbutzim on fertility behavior among members. We find that fertility declined by 6 …-15 percent following the shift to privatization. In light of the massive change in financial costs associated with childbearing … due to privatization, our results suggest that financial considerations may be a more modest factor in fertility decisions …

Persistent link: https://www.econbiz.de/10009367434

The Structure of Corporate ownership in Privatized Utilities

Trillas, Francesco - C.E.P.R. Discussion Papers - 2002

how deregulation affects corporate structure. In the benchmark case where the government maximizes privatization proceeds …

Persistent link: https://www.econbiz.de/10005123598

The Proper Scope of Governments When Costs are Contractible

Dalen, Dag Morten; Moen, Espen R - C.E.P.R. Discussion Papers - 2003

We discuss the relative merits of public and private ownership. Our starting point is the analysis of Hart, Schleifer and Vishny (HSV), who apply an incomplete contract framework to study the difference between private and public ownership. Our analysis departs from HSV’s model in two aspects....

Persistent link: https://www.econbiz.de/10005124030

Infrastructure and Public Utilities Privatization in Developing Countries

Auriol, Emmanuelle; Picard, Pierre M - C.E.P.R. Discussion Papers - 2006

The paper analyses governments’ trade-off between fiscal benefits and consumer surplus in privatization reforms of … noncompetitive industries in developing countries. Under privatization, the control rights are transferred to private interests so … developing countries, tight budget constraints imply that privatization may be optimal for low profitability segments. For highly …

Persistent link: https://www.econbiz.de/10005124293

The Political Economy of Finance

Pagano, Marco; Volpin, Paolo - C.E.P.R. Discussion Papers - 2002

The regulations that shape the design and the operations of corporations, credit and securities markets differ vastly from country to country. In addition, similar regulations are often unequally enforced in different countries. Economists still have an imperfect understanding of why these...

Persistent link: https://www.econbiz.de/10005124338

Ownership and Firm Performance After Large-Scale Privatization

Kocenda, Evzen; Svejnar, Jan - C.E.P.R. Discussion Papers - 2003

We analyse the effect of ownership on post-privatization performance in a virtually complete population of medium and … large firms privatized in a model large-scale privatization economy (Czech Republic). We find that concentrated foreign …

Persistent link: https://www.econbiz.de/10005124464

Government Outsourcing: Public Contracting with Private Monopoly

Auriol, Emmanuelle; Picard, Pierre M - C.E.P.R. Discussion Papers - 2006

The paper studies the impact of government budget constraint in a pure adverse selection problem of monopoly regulation. The government maximizes total surplus but incurs some cost of public funds à la Laffont and Tirole (1993). An alternative to regulation is proposed in which firms are free...

Persistent link: https://www.econbiz.de/10005067470