rather than operational changes. Overall, we find little evidence that privatization alone increases airport performance …Infrastructure assets have undergone substantial privatization in recent decades. How do different types of owners … airport performance along a rich array of dimensions such as passengers per flight, total passengers, number of routes, number …

feature of market economies, is inherently vulnerable to runs in all its forms (not just demand deposits). Bank regulation … aims at preventing bank runs. History shows two approaches to bank regulation: the use of high quality collateral to back …

We develop a dynamic game to explore the interaction between regulation and private policies, such as self-regulation … by firms and activism. Without a public regulator, the possibility of self-regulation is bad for the firm, but good for … activists who are willing to maintain a costly boycott to raise the likelihood of self-regulation. Results are reversed when the …

in Germany after the Fukushima accident in 2011. We use hourly data on power plant operations and a novel machine …

insufficient claims on state owned enterprises. The centralized privatization of state owned enterprises, which bypasses the East … German population, is seen as a major obstacle to quick recovery, and an alternative privatization procedure is discussed …

's regulation and a major enforcement reform in Germany, we find that forcing a greater share of firms to publicly disclose their …We investigate the impact of reporting regulation on corporate innovation activity. Exploiting thresholds in Europe …

the market. In particular, we look at whether speed of privatization, legal institutions or initial conditions are more … endogeneity, confused issues of speed and level of privatization, and did not face up to the problems of multicollinearity. Our … results suggest that, contrary to the earlier literature, the speed of privatization is negatively associated with growth, but …