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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 … shows that taxpayers are the main losers as subsidies are still needed. There are also serious efficiency-equity trade …
Persistent link: https://www.econbiz.de/10009399719
Privatization is shown to increase national economic output in a two-sector full-employment general-equilibrium model … by enhancing efficiency as if a relative price distortion were being removed through price reform, trade liberalization …, or stabilization. The static output gain from reallocation and reorganization through privatization is captured in a …
Persistent link: https://www.econbiz.de/10005504670
foreigners. We use a bank-level panel data set spanning all British and foreign banks providing loans within the United Kingdom …," domestic (British) loans of a bank expressed as a fraction of its total loan activity. We also study effective short …
Persistent link: https://www.econbiz.de/10009024484
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
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
how deregulation affects corporate structure. In the benchmark case where the government maximizes privatization proceeds …
Persistent link: https://www.econbiz.de/10005123598
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 …
Persistent link: https://www.econbiz.de/10005123788
This paper begins from the twin observation that on the one hand, privatization which leaves control in the hands of … restructuring even in the absence of a clear prospect of privatization. It situates enterprise restructuring at the heart of the …
Persistent link: https://www.econbiz.de/10005123917
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
privatized firms there is no positive relationship between firms’ ability to pay and wage increases. Privatization appears …
Persistent link: https://www.econbiz.de/10005124207