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monopolist to study the effects of privatization on steady state levels of income. We allow for public sector inefficiencies … relative inefficiency of public firms and the amount of public investment. Furthermore, the gains from privatization are found … to be strongly related to the balance sheet of the public firm that is privatized. Privatization of public firms which …
Persistent link: https://www.econbiz.de/10005412752
investigates the case of a large privatized firm subject to many policy constraints. The last steps of Telefonica's privatization … documented phenomenon both in this study and in the cross-country literature on privatization; e.g. political ends in … privatization, influence in appointments, golden shares) as the most visible part of such collusion. Liberalization and multi …
Persistent link: https://www.econbiz.de/10005413213
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
. Privatization is in this modern era of market domination/new economy very much the buzzword. The perceived benefits of privatization … regarded as a public monopoly. Traditional theory tells us that privatization of a public monopoly neither ends the monopoly … power nor the possibility of the use of this power at the consumers expense. The absence of competition can thus induce the …
Persistent link: https://www.econbiz.de/10005134993
in privatization transactions despite some showcase transactions; fifth, regulation and competition have often been …Privatization became a central element of economic reforms in most countries in Sub-Saharan Africa during the 1990s …. Yet, empirical evidence regarding the impact of privatization remains scarce. Since the seminal work of CAMPBELL …
Persistent link: https://www.econbiz.de/10005413292
more lenient competition policy. …
Persistent link: https://www.econbiz.de/10005126056
The ''portfolio effect theory'' developed by the European Commission in merger control is at the center of a fierce international row with the US authorities who believe that this theory has no economic foundations. This paper aims to provide a counter-argument and shows that full-line forcing...
Persistent link: https://www.econbiz.de/10005134470
depends on the relative competition profit. For medium values of the latter, the foreign country as well as the firms gain and …
Persistent link: https://www.econbiz.de/10005062435
reduces activities in the R&D sector. On the other hand, the enhanced competition for the equipment improves efficiency in the …
Persistent link: https://www.econbiz.de/10005408261
This paper considers the integration of competition policy and innovation policy in the context of R&D cooperation. An …&D in both regimes. The strength of these incentives is related to the degree of product market competition. We show that … there is a clear relationship between the degree of competition in the product market and the relative performance of firms …
Persistent link: https://www.econbiz.de/10005412898