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Privatization and Regulatory Reform in Brazil: The Case of Freight Railways

Estache, Antonio; Goldstein, Andrea; Pittman, Russell - EconWPA - 2001

A variety of proposals for creating more competition within the railroad sector and in the broader freight transport sector are under consideration in countries throughout the world. Brazil, though something of a latecomer to wider infrastructure reform, has recently taken large steps in...

Persistent link: https://www.econbiz.de/10005556074

Ownership Concentration and Restructuring in Czech Manufacturing Sector

Vychodil, Ondrej - EconWPA - 2005

manufacturing sector after privatization. It starts with the argumentation that the most important actors in the post-privatization … ownership structure in the Czech Republic were investment privatization funds, followed by the state, and that the ‘rules of the … leads to the hypothesis that the concentration-restructuring function in the post- privatization Czech environment is …

Persistent link: https://www.econbiz.de/10005077013

Ownership, Control and Corporate Performance after Large-Scale Privatization

Hanousek, Jan; Kocenda, Evzen; Svejnar, Jan - EconWPA - 2004

-scale privatization economy. Using specifications based on first-differences and unique instrumental variables, we find that few types of … private ownership improve dynamic post-privatization performance. Concentrated foreign (but not domestic) ownership improves …

Persistent link: https://www.econbiz.de/10005135012

Designing Electricity Auctions

Fabra, Natalia; Fehr, Nils-Henrik von der; Harbord, David - EconWPA - 2002

Motivated by the new auction format introduced in the England and Wales electricity market, as well as the recent debate in California, we characterize bidding behavior and market outcomes in uniform and discriminatory electricity auctions. We find that uniform auctions result in higher average...

Persistent link: https://www.econbiz.de/10005135073

Standards, Regulatory Reform and Development in APEC: Case Studies of Vietnam and Thailand

McCarty, Adam - EconWPA - 2001

This paper assesses the challenges confronting developing countries in APEC in their reform and modernisation of standards systems and related infrastructure. Vietnam and Thailand are examined as case studies. In both cases the move to internationalise standards and the quality of services...

Persistent link: https://www.econbiz.de/10005062624

The Fall in British Electricity Prices: Market Rules, Market Structure, or Both?

Fabra, Natalia; Toro, Juan - EconWPA - 2003

In this paper we investigate the factors contributing to the fall in the Lerner Index (price-cost margin) in the British electricity market during the 90s. A first stage of our analysis models the number of breaks in the Lerner Index and their dating as unknowns. Our results suggest the...

Persistent link: https://www.econbiz.de/10005412900

Bidding Markets

Klemperer, Paul - EconWPA - 2005

The existence of a ‘bidding market’ is commonly cited as a reason to tolerate the creation or maintenance of highly concentrated markets. We discuss three erroneous arguments to that effect: the ‘consultants’ fallacy’ that ‘market power is impossible’, the ‘academics’...

Persistent link: https://www.econbiz.de/10005126056

Portfolio Effects and Merger Control: Full-line Forcing as an Entry Deterrence Strategy.

Vergé, Thibaud - EconWPA - 2003

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

Competitive disadvantage through non-existing software patents

Weiss, Pia - EconWPA - 2004

In a model of sequential patent races, it is examined whether or not introducing a patent law in the home country is beneficial to the firms and the society as a whole given the foreign country already offers patent protection. Before the first patent race starts, the firms and the foreign...

Persistent link: https://www.econbiz.de/10005062435

To B or Not To B: A Welfare Analysis of Breaking Up Monopolies in an Endogenous Growth Model

Xie, Danyang - EconWPA - 2002

This paper studies the welfare consequences of a government regulation that forces a patented equipment to be supplied by a number of independent producers. On the one hand, such a regulation hurts the value of a patent and therefore reduces activities in the R&D sector. On the other hand, the...

Persistent link: https://www.econbiz.de/10005408261