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Energy Policy Issues after Privatisation

Newbery, David M G - C.E.P.R. Discussion Papers - 1986

energy sector associated with privatisation. The paper begins with a brief review of how energy policy was perceived before …

Persistent link: https://www.econbiz.de/10005666940

Why are Some People (and Countries) More Protectionist than Others?

Mayda, Anna Maria; Rodrik, Dani - C.E.P.R. Discussion Papers - 2001

We analyse a rich cross-country data set that contains information on attitudes toward trade as well as a broad range of socio-demographic, and other, indicators. We find that pro-trade preferences are significantly and robustly correlated with an individual's level of human capital, in the...

Persistent link: https://www.econbiz.de/10005791973

Macroeconomic Derivatives: An Initial Analysis of Market-Based Macro Forecasts, Uncertainty and Risk

Gürkaynak, Refet S.; Wolfers, Justin - C.E.P.R. Discussion Papers - 2006

in surveys of professional forecasts survive in equilibrium, and that these markets are remarkably well calibrated …

Persistent link: https://www.econbiz.de/10005656457

Are the Costs of Cleaning Up Eastern Europe Exaggerated? Economic Reform and the Environment

Hughes, Gordon - C.E.P.R. Discussion Papers - 1990

Widespread concern has been expressed that the costs of reducing environmental pollution in Eastern Europe will divert resources that would otherwise be available for industrial modernization. In fact, apart from a number of severely damaged areas, the general level of exposure to major...

Persistent link: https://www.econbiz.de/10005281413

Mass Privatisation and Partial State Ownership of Firms in Transition Economics

Bennett, John; Estrin, Saul; Maw, James - C.E.P.R. Discussion Papers - 2001

In their privatization programs, transition governments have frequently given away shares (so-called `mass privatization'), while maintaining significant minority ownership. We explain the rationality of these policies for an expected net-revenue maximizing government. Our argument rests on a...

Persistent link: https://www.econbiz.de/10005666469

The Effect of Ownership and Competitive Pressure on Firm Performance in Transition Countries: Micro Evidence from Bulgaria, Romania and Poland

Angelucci, Manuela; Estrin, Saul; Konings, Jozef; … - C.E.P.R. Discussion Papers - 2001

results also indicate that privatisation has positive effects on firm performance. In particular, domestic private firms and …

Persistent link: https://www.econbiz.de/10005504242

Competition and Enterprise Performance in Transition Economies: Evidence from a Cross-country Survey

Carlin, Wendy; Fries, Steven; Schaffer, Mark E; … - C.E.P.R. Discussion Papers - 2001

This Paper uses a survey of 3,300 firms in 25 transition countries to shed light on the factors that influence restructuring by firms and their subsequent performance as measured by growth in sales and in sales per employee over a three-year period. We begin by surveying what a decade of...

Persistent link: https://www.econbiz.de/10005114471

Privatisation in Poland: What Was the Government Trying to Achieve?

De Fraja, Gianni; Roberts, Barbara M - C.E.P.R. Discussion Papers - 2007

This paper uses the sequencing of privatisation to infer the objective pursued by the Polish government in the … privatisation of its large manufacturing firms in the second half of the 1990's. We construct a model of mixed oligopoly, and use it … to evaluate the privatisation process; our analysis is based on the assumption that firms which furthered the government …

Persistent link: https://www.econbiz.de/10005661699

Effect of Regulatory Constraints on Fund Performance: New Evidence from UCITS Hedge Funds

Joenväärä, Juha; Kosowski, Robert - C.E.P.R. Discussion Papers - 2015

We economically motivate and then test a range of hypotheses regarding performance and risk differences between UCITS-compliant and other hedge funds. The latter exhibit more suspicious return patterns than do absolute return UCITS (ARUs), but ARUs exhibit higher levels of operational risk. We...

Persistent link: https://www.econbiz.de/10011272713

Investment and capital structure of partially private regulated firms

Cambini, Carlo; Spiegel, Yossi - C.E.P.R. Discussion Papers - 2011

We develop a model that examines the capital structure and investment decisions of regulated firms in a setting that incorporates two key institutional features of the public utilities sector in many countries: firms are partially owned by the state and regulators are not necessarily...

Persistent link: https://www.econbiz.de/10009209829

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