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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

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

Behaviour in a Two-Stage Two Public Goods Experiment

Castro, Massimo Finocchiaro - EconWPA - 2005

In a two-stage two-public good experiment, we study the effect that subjects’ possibility of contributing to a public good in the first stage of the game has on the voluntary contributions to the second public good. Our results show that subjects do not follow either the Nash strategy or the...

Persistent link: https://www.econbiz.de/10005125590

Interior collective optimum in a volontary contribution to a public-goods game : an experimental approach

HICHRI, walid - EconWPA - 2004

We run a public goods experiment with four different treatments. The payoff function is chosen such that the Nash equilibrium (NE) and the collective optimum (CO) are both in the interior of the strategy space. We test the effect of varying the level of the collective optimum on contributions....

Persistent link: https://www.econbiz.de/10005125596

Selfish-biased conditional cooperation: On the decline of contributions in repeated public goods experiments

Neugebauer, Tibor; Perote, Javier; Schmidt, Ulrich; … - EconWPA - 2005

The recent literature suggests that people have social preferences with a self-serving bias. Our data analysis reveals that the stylized fact of declining cooperation in repeated public goods experiments results from this bias and adaptation.

Persistent link: https://www.econbiz.de/10005125603

What do gifts buy? A model of philanthropy and tithing based on prestige and warm glow.

Harbaugh, William T. - EconWPA - 1996

Charities publicize the donations they receive, generally according to dollar categories rather than the exact amount. Donors in turn tend to give the minimum amount necessary to get into a category. These facts suggest that donors have a taste for having their donations made public. This paper...

Persistent link: https://www.econbiz.de/10005125886

On the Private Provision of Public Goods: A Diagrammatic Exposition

Ley, Eduardo - EconWPA - 1995

This paper surveys a selection of the literature on the private provision of public goods using the Kolm triangle. (The Kolm triangle is the analogue of an Edgeworth box in an economy with a public good.) We provide simple geometrical proofs of various established results using this graphical...

Persistent link: https://www.econbiz.de/10005125979

Judging Social Welfare Policy with the Solving of the Bargaining Problem

Mullat, Joseph E. - EconWPA - 2001

Current analysis addresses an apparently critical issue of wealth circulation in the society. We try to play a game with the welfare- related burden of taxation. Thus, the Negotiator No.1 stands up for citizens legal and moral rights to social services. The Negotiator No.2 proceeds from the...

Persistent link: https://www.econbiz.de/10005125988

Public provision of a private good: What is the point of the BSD license?

Gaudeul, Alex - EconWPA - 2005

Software is a potentially excludable public good. It is possible, at some cost, to exclude non-paying users from its consumption by using copyright law or technological restraints. Licensing the software under proprietary license terms makes of it a private good, licensing it under the BSD does...

Persistent link: https://www.econbiz.de/10005134417

Endogenous Games and Mechanisms: Side Payments Among Players

Jackson, Matthew O.; Wilkie, Simon - EconWPA - 2002

We characterize the outcomes of games when players may make binding offers of strategy contingent side payments before the game is played. This does not always lead to efficient outcomes, despite complete information and costless contracting. The characterizations are illustrated in a series of...

Persistent link: https://www.econbiz.de/10005134969

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