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Commission, Productivity - EconWPA - 2004

The Commission was asked to review the National Third Party Access Regime for Natural Gas Pipelines. The review sought to assess the benefits and costs of the Regime, including its effects on investment. The Commission’s preliminary findings were released for public comment in December 2003...

Persistent link: https://www.econbiz.de/10005561783

Manipulated, Misled, Ignored, Abused: Residential Consumer Experience with Electric Deregulation in the United Kingdom

Jewell, Kevin - EconWPA - 2004

existing customer base. Higher prices for low- income consumers: Since deregulation begain in 1990, there has been a marked … of the evidence found: Questionable price savings: Large drops in wholesale market prices were not fully passed on to … jumped after deregulation, and new types of complaints such as unauthorized switching of service (“slamming”) arose. Failure …

Persistent link: https://www.econbiz.de/10005076594

From Financial Liberalization to Banking Failure: Starting on the Wrong Foot?

Fischer, Klaus P.; Smaoui, Houcem - EconWPA - 1997

In this paper we attempt to identify the characteristics of banks that are most likely to be at the origin of a banking crisis following a financial liberalization (FL) process. We do this analysis in response to the observed fact that FL processes arse often followed by banking crisis that cost...

Persistent link: https://www.econbiz.de/10005134840

Does Inefficiency Justify Privatization? The Case of Intermediate Industry Monopolies

Glomm, Gerhard; Mendez, Fabio - EconWPA - 2005

We use an infinitely lived agent model in which an intermediate good is provided either by a public or a private monopolist to study the effects of privatization on steady state levels of income. We allow for public sector inefficiencies(x-inefficiency) which shift down the intermediate goods...

Persistent link: https://www.econbiz.de/10005412752

Privatization, Corporate Control and Regulatory Reform: The case of Telefonica

Bel, Germa; Trillas, Francesc - EconWPA - 2004

This study analyzes the interaction of agency problems in public policy and of agency problems inside the firm: it investigates the case of a large privatized firm subject to many policy constraints. The last steps of Telefonica's privatization were designed to promote a disperse ownership and...

Persistent link: https://www.econbiz.de/10005413213

Financial Liberalization Causes Banking System Fragility

Fischer, Klaus P.; Chenard, Martin - EconWPA - 1997

This paper explores theoretically and empirically the link between Financial Liberalization (FL) and the banking crisis that often follow. We also investigate the proposition, classical in development economics, that FL should result in an increase in supply of funds to the real sector. To...

Persistent link: https://www.econbiz.de/10005561748