Showing 1 - 10 of 31
, thereby allowing the infrastructure managers to commit to use a specific financing system before setting the access price. …The growing importance of inter-network exchanges in infrastructure-based utilities influences regulatory choices and … access-pricing for downstream services using the networks. We analyse this problem in a setting where the infrastructure …
Persistent link: https://www.econbiz.de/10005124171
Most research on firm financing studies the choice between debt and equity. We model an alternative source -- non … issues equity if the financing need is high. This result is robust to using the cash for an uncertain investment. Second …
Persistent link: https://www.econbiz.de/10011084569
The Paper analyses the funding of an infrastructure project (high speed train line, platform, tunnel, harbor, regional … profitability (demand, cost) and the infrastructure owner is subject to a budget constraint, either on a per project basis or over … the entire infrastructure. An open access policy raises welfare, but may make the project non-viable since funding must be …
Persistent link: https://www.econbiz.de/10005662107
We analyze competition between vertically integrated infrastructure operators that provide access in different …
Persistent link: https://www.econbiz.de/10011083224
This paper examines the importance of buyer-supplier relationships, geography and the structure of the production network in firm performance. We develop a simple model where firms can outsource tasks and search for suppliers in different locations. Low search and outsourcing costs lead firms to...
Persistent link: https://www.econbiz.de/10011262884
How should a policy-maker prioritize interventions to improve the public infrastructure with which firms operate and … public input character of physical infrastructure and institutions, and uses an O-ring production function to model the … impact of poor quality infrastructure on output. Using survey data from over 72,000 firms in 95 countries, we verify the …
Persistent link: https://www.econbiz.de/10008468531
into joint ventures is especially relevant in the context of infrastructure projects in developing countries, though other …
Persistent link: https://www.econbiz.de/10008468544
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 that public subsidies decline. This benefit for...
Persistent link: https://www.econbiz.de/10005124293
We use data from over 20,000 firms in 60 countries to identify constraints on the growth of firms. We interpret managers’ answers to survey questions on the extent to which various aspects of their external environment inhibit the performance of their firm as measuring the shadow cost of...
Persistent link: https://www.econbiz.de/10005124336
income between the two regions. An improvement in infrastructure in the poor region has the exact reverse effect. In this …
Persistent link: https://www.econbiz.de/10005136400