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Privatization, Corporate Control and Regulatory Reform: The case of Telefonica

Bel, Germa; Trillas, Francesc - EconWPA - 2004

This study analyzes the interaction of agency problems in public policy and of agency problems inside the firm: it investigates the case of a large privatized firm subject to many policy constraints. The last steps of Telefonica's privatization were designed to promote a disperse ownership and...

Persistent link: https://www.econbiz.de/10005413213

Structural, efficiency and income effects of direct payments: an analysis of different payment schemes for the German region 'Hohenlohe'

Happe, Kathrin; Balmann, Alfons; Kellermann, Konrad - EconWPA - 2003

The objective of this paper is to work out some fundamental dynamic effects on agricultural structure, farm incomes, and efficiency that result from decoupled income payments, the transfer of payments together with a progressive payment cut. To do so, we apply the agent-based model AgriPoliS...

Persistent link: https://www.econbiz.de/10005118867

The Indeterminacy of Equilibrium City Formation under Monopolistic Competition and Increasing Returns

Berliant, Marcus; Kung, Fan- chin - EconWPA - 2004

We study the indeterminacy of equilibrium in the Fujita-Krugman (1995) model of city formation under monopolistic competition and increasing returns. Both the number and the locations of cities are endogenously determined. Assuming smooth transportation costs, we examine equilibria in...

Persistent link: https://www.econbiz.de/10005062508

SPATIAL ANALYSIS OF EMPLOYMENT AND POPULATION DENSITY: THE CASE OF THE AGGLOMERATION OF DIJON, 1999

Baumont, Catherine; Ertur, Cem; Gallo, Julie Le - EconWPA - 2003

The aim of this paper is to analyze the intra-urban spatial distributions of population and employment in the agglomeration of Dijon (regional capital of Burgundy, France). We study whether this agglomeration has followed the general tendency of job decentralization observed in most urban areas...

Persistent link: https://www.econbiz.de/10005119044

Relationship Specificity, Incomplete Contracts and the Pattern of Trade

Nunn, Nathan - EconWPA - 2005

When relationship-specific investments are necessary for production, under-investment occurs if contracts cannot be enforced. The efficiency loss from under-investment will differ across industries depending on the importance of relationship-specific investments in the production process. As a...

Persistent link: https://www.econbiz.de/10005062601

Accession Countries’ Comparative Advantage in the Internal

Kaitila, Ville - EconWPA - 2002

We analyse trade between Central and Eastern European (CEE) countries and the European Union during 1993-1998 using three methods. First, we calculate the share of intra-industry trade to determine the ex-tent to which two countries trade in similar products. Second, we calculate similarity...

Persistent link: https://www.econbiz.de/10005062641

Policy Reform in Networks Infrastructure: The Case of Mexico

Tovar-Landa, Ramiro - EconWPA - 1997

the telecommunications sector. In spite of deregulation and privatization policies in the recent past, there are threats …, which will make costly future, more ambitious, deregulation efforts. The paper focus on interconnection policy between the …

Persistent link: https://www.econbiz.de/10005076639

Franchise Bidding in the Water Industry – Auction Schemes and Investment Incentives

Meister, Urs - EconWPA - 2004

The periodical re-auction of a water monopoly concession causes the danger of underinvestment. If the life-time of specific assets such as water pipes exceeds the contract length and transferring the ownership of assets is difficult, the incumbent franchisee faces a hold-up problem. Using a...

Persistent link: https://www.econbiz.de/10005125890

Preventing competition because of “solidarity”: Rhetoric and reality of airport investments in Spain

Bel, Germà; Fageda, Xavier - EconWPA - 2005

Spain is the only large European country in which airport management is strictly centralized and publicly owned. This peculiar institutional setting prevents competition among Spanish airports, and policy makers and bureaucrats in charge of the system regularly justify it on grounds of...

Persistent link: https://www.econbiz.de/10005125961

Macroeconomic Effects of Deregulation in Goods Market with Heterogeneous Firms

Arnone, Marco; Scalise, Diego - EconWPA - 2005

This paper builds on the Blanchard and Giavazzi (2003) model of deregulation. We concentrate on product market to … construct a framework explaining in a more nuanced way the redistributive effects of deregulation between sectors and within the … effects of deregulation policies can be ambiguous depending on some parametric restrictions, and sometime counterproductive …

Persistent link: https://www.econbiz.de/10005126404

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