Showing 1 - 10 of 11
The setting of user prices for enterprises with large fixed costs and marginal costs below average costs – “natural monopolies” – raises important policy questions regarding both efficiency and equity. It has become well accepted among economists that, in a variety of settings, welfare...
Persistent link: https://www.econbiz.de/10005076868
In this paper, we examine net investment during the early stages of transition using micro data on the population of medium and large industrial firms in the Czech Republic during the 1992-95 period. We examine the relevance of alternative models of investment and test if investment behavior...
Persistent link: https://www.econbiz.de/10005407697
The social consequences of restructuring can largely be understood in terms of the net employment impact and the imapct … on government expenditures and revenues. When restructuring entails unemployment, government expenditure can mitigate the … welfare spending). Restructuring, however, doesn't cause unemployment per se. Restructuring involves chnages to the 'rules of …
Persistent link: https://www.econbiz.de/10005408340
corporate restructuring of a kind favored by many students of railway reform throughout the world: some kind of separation of …
Persistent link: https://www.econbiz.de/10005412919
The Polish government is considering methods of the privatizing and possible restructuring of the Polish National …
Persistent link: https://www.econbiz.de/10005412942
This paper challenges the conventional wisdom that the 1960s conglomerates were inefficient. I offer valuation results consistent with recent event-study evidence that markets typically rewarded diversifying acquisitions. Using new data, I compute industry-adjusted valuation, profitability,...
Persistent link: https://www.econbiz.de/10005412958
infrastructure reform, has recently taken large steps in restructuring its railroad system. This paper analyzes Brazil's ongoing …
Persistent link: https://www.econbiz.de/10005556074
Railways restructuring takes place under very different circumstances and with very different goals in Western Europe … separation in Western Europe are not certain to be replicated following similar restructuring in transition economies, especially … proposal for restructuring in Russia. …
Persistent link: https://www.econbiz.de/10005561434
El tema de la inflación ha sido uno de los más debatidos en los últimos meses. Los incrementos de precios registrados en el primer trimestre de 2005 han avivado la discusión. Este trabajo muestra que el problema está lejos de estar fuera de control y que determinadas medidas de política...
Persistent link: https://www.econbiz.de/10005076625
The idea that NN can be usefully used for a better understanding of economic complex mechanisms is present in the literature. Our interest is to show that this is correct if we use the larger possible amounts of information that data conveys. At this end we will start with the consideration...
Persistent link: https://www.econbiz.de/10005076761