Showing 1 - 10 of 25
, large scale privatization changes the political-economic equilibria in a dangerous way, because it splits society between …
Persistent link: https://www.econbiz.de/10005007187
In this paper I propose a definition of 'Citizenship goods'. Standard microeconomics distinguishes between purely private, purely public and mixed goods, based on the degree of non-rivalry and excludability. This is however a definition based on technical features of the goods that fails to...
Persistent link: https://www.econbiz.de/10005007309
Assessing the welfare impact of a policy on the scale of the British privatisation programme is a daunting task. Four sets of issues raised in the impressive study by Florio et al of the British privatisation programme merit further discussion. One such set of issues relates to the different...
Persistent link: https://www.econbiz.de/10005007455
We study the impact on consumers of privatization and liberalization in the telecommunication sector for 15 EU … Countries. Policy reforms are summarized by the OECD regulatory indicators (REGREF), that considers the extent of privatization … privatization per se. The latter and liberalization of the telecommunication market play a role in explaining the consumers …
Persistent link: https://www.econbiz.de/10005007161
The economic impact of privatisation is hard to assess. This paper extends the analysis of Florio (2004) in four directions. It argues that a welfare assessment of privatisation must include an evaluation of the performance of public enterprises in light of their originally broad set of...
Persistent link: https://www.econbiz.de/10005007183
The British privatisations were concentrated on the infrastructure industries of transport, communications and energy. It is important to assess the efficiency impact in a long-term context. The Milan study goes some way towards this but even better is to compare different countries of the...
Persistent link: https://www.econbiz.de/10005007215
While most economists usually believe that privatization policy is socially beneficial, it faces increasing opposition … in several countries. In this paper we wish to discover the ingredients in a recipe for privatization discontent. To do … so we focus on Latin America, where there is wide evidence of popular opposition to privatization. We use the results of …
Persistent link: https://www.econbiz.de/10005007238
This papers discusses the privatization of Telecom Italia over ten years, from divestiture to three subsequent changes … characteristics of a search for equilibrium in a complex game, centred around the control of rents. In crucial moments (privatization …
Persistent link: https://www.econbiz.de/10005007353
Secondo Laffont (2005), in presenza di agenda privata dei politici, ed in particolare di corruzione, con regolatori a loro volta corrompibili e ispezioni costose, i governi dei PVS hanno una funzione non lineare di reazione verso la privatizzazione, a forma di U rovesciata, dipendente dal grado...
Persistent link: https://www.econbiz.de/10005007354
Starting from an industry where production is provided by a public monopolist, we look at the effects on the consumers' surplus of a sequence of reforms in network industry. Using a simple comparative statics framework, we find indifference conditions in consumers' surplus between respectively...
Persistent link: https://www.econbiz.de/10005007412