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External Constraints Matter for Privatizations
Petrarca, Ilaria; Ricciuti, Roberto - CESifo - 2014
We present an analysis of the share of public ownership in the product market in the OECD countries from 1974 to 2007. Despite much has been said on the broad topic of reforms and regulation, a sector-specific insight is missing. We replicate the analysis of Galasso (2014) by sector of activity...
Persistent link: https://www.econbiz.de/10010948843
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Government Outsourcing: Public Contracting with Private Monopoly
Auriol, Emmanuelle; Picard, Pierre M. - CESifo - 2006
The paper studies the impact of government budget constraint in a pure adverse selection problem of monopoly regulation. The government maximizes total surplus but incurs some cost of public funds. An alternative to regulation is proposed in which firms are free to enter the market and to choose...
Persistent link: https://www.econbiz.de/10005765762
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Privatising Network Industries
Newbery, David - CESifo - 2004
Persistent link: https://www.econbiz.de/10005765806
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Privatization in Austria: Some Theoretical Reasons and First Results About the Privatization Proceeds
Belke, Ansgar; Schneider, Friedrich - CESifo - 2004
Persistent link: https://www.econbiz.de/10005766310
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State Ownership and Control in the Czech Republic
Kocenda, Evžen; Hanousek, Jan - CESifo - 2009
We analyze the extent of the integrated control of the state over privatized firms during the post-privatization decade …
Persistent link: https://www.econbiz.de/10008533985
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Voter Support for Privatizing Education: Evidence on Self-Interest and Ideology
Merzyn, Wolfram; Ursprung, Heinrich - CESifo - 2003
Economic theory advances various arguments in favor of and against privatizing education. In this paper we investigate the extent to which these arguments influence voters’ opinions. We analyze two popular referenda in which some 400,000 voters in two Swiss cantons expressed their opinions on...
Persistent link: https://www.econbiz.de/10005196221
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Privatization in Denmark, 1980-2002
Christoffersen, Henrik; Paldam, Martin - CESifo - 2004
along with everybody else. No statistics on privatization have been previously published in Denmark. Most of the 12 … privatization activity appears to be outsourcing. …
Persistent link: https://www.econbiz.de/10005405723
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Privatization under Asymmetric Information
Bös, Dieter - CESifo - 2000
This paper models privatization as a cooperative game between the government, a trade union and the private … shareholders. These players kno w that privatization increases the efficiency of a firm, but only the management of the firm knows …
Persistent link: https://www.econbiz.de/10005406357
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Privatization in Italy 1993-2002: Goals, Institutions, Outcomes, and Outstanding Issues
Goldstein, Andrea - CESifo - 2003
This paper describes the privatization program in Italy during the 1990s and puts that policy in the context of … attempts at privatization of the 1980s, delaying until 1992 the start of largescale privatizations. These were imposed on … analysis of the consequences of privatization on corporate governance show that, notwithstanding considerable changes in the …
Persistent link: https://www.econbiz.de/10005416520
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Divide and Privatize: Firm Break-up and Performance
Kocenda, Evžen; Hanousek, Jan - CESifo - 2011
We analyze the long-term effects of firm break-up and ownership change on corporate performance. Our analysis is based on a unique data set for a large number of Czech firms spanning the period 1996–2005. We employ a propensity score matching procedure to deal with endogeneity problems. Our...
Persistent link: https://www.econbiz.de/10009024846