Showing 1 - 9 of 9
Deregulation and its Discontents examines the different ways in which the issues related to deregulation and reregulation have been addressed in Asia. The role of government in business has gone through distinct, if overlapping, cycles: regulation, deregulation and reregulation. However, little...
Persistent link: https://www.econbiz.de/10011850678
This accessible book aims to inform readers interested in assessing privatization and market development concepts on a … international team of contributors, the book traces how privatization concepts have grown in application, and how they have spread … global regulation of markets / George Gilligan -- Conclusions : spreading the privatization family business / Graeme Hodge …
Persistent link: https://www.econbiz.de/10011851902
1. The failure of good intentions : the collapse of American telecommunications after six years of Deregulation -- 2. Road networks : efficiency, externalities and consumer choice -- 3. The Enterprise Act : pluses and minuses for competition policy -- 4. Ofcom and light touch regulation -- 5....
Persistent link: https://www.econbiz.de/10011851906
wave of privatization, starting in the UK, which made the regulation of monopoly of much greater interest. The discipline …, policymakers and regulators in the study of privatization and regulation … Perspectives, 12 (4), Fall, 133-50 -- Bruno Biais and Enrico Perotti (2002), 'Machiavellian Privatization', American Economic …
Persistent link: https://www.econbiz.de/10011852233
We develop a theory of firm scope in which integrating two firms into one facilitates the allocation of resources, but leads to weaker incentives for effort, compared with nonintegration. Our theory makes minimal assumptions about the underlying agency problem. Moreover, the benefits and costs...
Persistent link: https://www.econbiz.de/10005761852
In this paper, we discuss recent evidence from economic experiments that study the impact of social preferences on workplace behavior. We focus on situations in which a single employer interacts with multiple employees. Traditionally, equity and efficiency have been seen as opposing aims in such...
Persistent link: https://www.econbiz.de/10009024592
We show experimentally that a principal’s distrust in the voluntary performance of an agent has a negative impact on the agent’s motivation to perform well. Before the agent chooses his performance, the principal in our experiment decides whether he wants to restrict the agents’ choice set...
Persistent link: https://www.econbiz.de/10005762323
We analyze the Moral Hazard problem, assuming that agents are inequity averse. Our results differ from conventional contract theory and are more in line with empirical findings than standard results. We find: First, inequity aversion alters the structure of optimal contracts. Second, there is a...
Persistent link: https://www.econbiz.de/10005566722
We discuss a principal-agent model in which the principal has the opportunity to include a non-compete agreement in the employment contract. We show that not imposing such an agreement can be beneficial for the principal as the possibility to leave the firm generates implicit incentives for the...
Persistent link: https://www.econbiz.de/10005703004