is privatized. In the short run, privatization is harmful because all prices rise; the disciplinary role of the public … firm is lost. In the long run, privatization leads to further entry; the net effect is beneficial if consumer preference …

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

estimate market power (i.e. price-cost margins) and to analyse how these are affected by privatization and increased …

The usual analysis of privatization and X-inefficiency uses agency theory to model managerial effort. We model worker … heart. Our model predicts that under certain conditions privatization should raise effort and so lower X-inefficiency, and …

The transition in East Germany has been characterized by an extremely rapid privatization of state-owned enterprises …-unification level. This paper argues that the government imposed an inconsistent policy toward employment on the privatization agency …, the Treuhand. Although required to take account of the shadow price of labour in the privatization negotiations (where …

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 …