Showing 1 - 10 of 187
privatization on airport charges in a panel data setting where fixed effects can be employed to mitigate endogeneity concerns. Our … main empirical results indicate that aeronautical charges are lower at airports when single-till regulation is employed …, when airports are privatized, and -- tentatively -- when ex-post price regulation is applied. Furthermore, hub airports …
Persistent link: https://www.econbiz.de/10009351519
This paper offers a unique quantitative evaluation of the distribution of the welfare of a water privatization … indicator duality and production theory. The paper shows that users benefited through lower real water prices -although users in … intermediate suppliers and investors have also clearly benefited during the short privatization duration. However the paper also …
Persistent link: https://www.econbiz.de/10009399719
The purpose of this paper is to investigate how energy policy should respond to the changes in the organisation of energy sector associated with privatisation. The paper begins with a brief review of how energy policy was perceived before the 1973 oil shock, and the lessons learned from...
Persistent link: https://www.econbiz.de/10005666940
this separation interact with the regulation of the product market. The main issue to be addressed here is how the degree … how deregulation affects corporate structure. In the benchmark case where the government maximizes privatization proceeds …
Persistent link: https://www.econbiz.de/10005123598
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 paper studies the impact of government budget constraint in a pure adverse selection problem of monopoly regulation … to regulation is proposed in which firms are free to enter the market and to choose their price and output levels … than traditional regulation where governments commit to both investment and operation cash-flows. This is especially …
Persistent link: https://www.econbiz.de/10005067470
In this paper, we discuss the choice for build-operate-and-transfer (BOT) concessions when governments and managers do not share the same information regarding the operation characteristics of a facility. We show that larger shadow costs of public funds and larger information asymmetries entice...
Persistent link: https://www.econbiz.de/10008921773
The development of cable and satellite television has not occurred as rapidly in the United Kingdom as initially anticipated. The paper examines cable and satellite policy in the context of the Peacock Report's proposals for broadcasting reform. The concept of a national telecommunications grid...
Persistent link: https://www.econbiz.de/10005666401
The regulation of commercial television and broadcasting in the United Kingdom has evolved from the principles of … public service broadcasting. Much of this regulation is paternalistic and does not place great emphasis on the most effective … regulation in the light of the recent recommendations of the Peacock Committee. In particular, the objectives of broadcasting are …
Persistent link: https://www.econbiz.de/10005666530
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