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Does Inefficiency Justify Privatization? The Case of Intermediate Industry Monopolies
Glomm, Gerhard; Mendez, Fabio - EconWPA - 2005
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
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Privatization, Corporate Control and Regulatory Reform: The case of Telefonica
Bel, Germa; Trillas, Francesc - EconWPA - 2004
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
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An Algorithm for Stable and Equitable Coalition Structures with Public Goods
Kung, Fan-chin - EconWPA - 2004
We study the formation of coalitions that provide public goods to members. Individuals are linked on a tree graph and those with similar preferences are connected on the tree. We present a solution that selects allocations belonging to the coalition structure core and that are also envy-free.
Persistent link: https://www.econbiz.de/10005407611
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Intrinsic Motivation in Open Source Software Development
Bitzer, Jürgen; Schrettl, Wolfram; Schröder, Philipp J.H. - EconWPA - 2005
This papers sheds light on the puzzling evidence that even though open source software (OSS) is a public good, it is developed for free by highly qualified, young and motivated individuals, and evolves at a rapid pace. We show that once OSS development is understood as the private provision of a...
Persistent link: https://www.econbiz.de/10005407718
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The Individual Behavior in a Public Goods game
HICHRI, Walid - EconWPA - 2005
Generally, with a standard linear public goods game, one observes at the aggregate level that contributions lay between the Nash equilibrium and the social optimum and decrease over time with an end-effect.Our purpose is to see whether these general aggregate results remain available at the...
Persistent link: https://www.econbiz.de/10005408225
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Review of Privade Provided Public Goods Literature
Goulao, Daniel - EconWPA - 2005
The intention is to do a summary of the private provision of public goods literature; it also has the goal of seeing that there is no match between the classic theory predictions and the reality and empirical data. Another objective is to find within the literature aspects not studied yet, and so...
Persistent link: https://www.econbiz.de/10005408422
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Discrete Public goods with incomplete information.
Menezes, Flavio; Monteiro, Paulo Klinger; Temimi, Akram - EconWPA - 1999
We analyze simultaneous discrete public good games with incomplete information and continuous contributions. To use the terminology of Admati and Perry (1991), we consider contribution and subscription games. In the former, contributions are not refunded if the project is not completed, while in...
Persistent link: https://www.econbiz.de/10005413276
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Disposition, History and Contributions in Public Goods Experiments
Gunnthorsdottir, Anna; Houser, Daniel; McCabe, Kevin; … - EconWPA - 2004
Private incentives to invest in a public good are modeled as self- interested reciprocity where individuals use reputational scoring rules to determine their optimal level of investment. The model predicts that the disposition of any subject to cooperate is revealed by their first period...
Persistent link: https://www.econbiz.de/10005062730
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Judging Social Welfare Policy with the Solving of the Bargaining Problem
Mullat, Joseph E. - EconWPA - 2002
Current analysis addresses an apparently critical issue of wealth circulation in the society. In the form of three persons game, we put the welfare-related burden on taxpayers. The Negotiator No.1 stands up for citizens’ legal and moral right to social services. The Negotiator No.2 proceeds...
Persistent link: https://www.econbiz.de/10005550930
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Judging Social Welfare Policy with the Solving of the Bargaining Problem
Mullat, Joseph E. - EconWPA - 2003
Current analysis addresses an apparently critical issue of wealth circulation in the society. In the form of three persons game, we put the welfare-related burden on taxpayers. The Negotiator No.1 stands up for citizens’ legal and moral right to social services. The Negotiator No.2 proceeds...
Persistent link: https://www.econbiz.de/10005550964