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Landes, William M. - 1974

Gary Becker and George Stigler advocate the privatization of law enforcement. In the present article, we explore the idea …

Persistent link: https://www.econbiz.de/10012479061

Can a Tiger Change Its Stripes? Reform of Chinese State-Owned Enterprises in the Penumbra of the State

Harrison, Ann - 2019

there are clear improvements in performance post-privatization. The tiger can change its stripes; however, the government …

Persistent link: https://www.econbiz.de/10012479431

Do Public Firms Respond to Industry Opportunities More Than Private Firms? The Impact of Initial Firm Quality

Maksimovic, Vojislav - 2019

We track firms at birth and compare the growth pattern of IPO firms and their birth-matched counterparts. Firms that are larger at birth with faster initial growth are more likely to attain a larger size later in life and go public. Firms in the top percentile of predicted propensity to go...

Persistent link: https://www.econbiz.de/10012479586

Do Private Prisons Affect Criminal Sentencing?

Dippel, Christian - 2019

This paper provides causal evidence of the effect of private prisons on criminal sentencing. Our identification strategy uses state-level changes in private-prison capacity and compares changes in sentencing across trial court pairs that straddle state borders. We find that a doubling of private...

Persistent link: https://www.econbiz.de/10012479666

The Regulation of Private Money

Gorton, Gary B. - 2019

Financial crises are bank runs. At root the problem is short-term debt (private money), which while an essential 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...

Persistent link: https://www.econbiz.de/10012479840

Private vs. Public Provision of Social Insurance : Evidence from Medicaid

Layton, Timothy J. - 2019

welfare effects. We investigate the impact of privatization in Medicaid by exploiting the staggered introduction of county …, which used blunt rationing to control costs, we find privatization led to improvements in healthcare--including increased …

Persistent link: https://www.econbiz.de/10012479990

Valuing Private Equity Strip by Strip

Gupta, Arpit - 2019

We propose a new valuation method for private equity investments. First, we construct a cash-flow replicating portfolio for the private investment, applying Machine Learning techniques on cash-flows on various listed equity and fixed income instruments. The second step values the replicating...

Persistent link: https://www.econbiz.de/10012480458

The Private and External Costs of Germany's Nuclear Phase-Out

Jarvis, Stephen - 2019

Many countries have phased out nuclear electricity production in response to concerns about nuclear waste and the risk of nuclear accidents. This paper examines the impact of the shutdown of roughly half of the nuclear production capacity in Germany after the Fukushima accident in 2011. We use...

Persistent link: https://www.econbiz.de/10012480542

Special Deals from Special Investors : The Rise of State-Connected Private Owners in China

Bai, Chong-En - 2020

We use administrative registration records with information on the owners of all Chinese firms to document the importance of "connected" investors, defined as state-owned firms or private owners with equity ties with state-owned firms, in the businesses of private owners. We document a hierarchy...

Persistent link: https://www.econbiz.de/10012482389

Privatization and Nationalization Cycles

Chang, Roberto - 2010

This paper studies the cycles of nationalization and privatization in resource-rich economies. We discuss available … evidence on the drivers and consequences of privatization and nationalization, review the existing literature, and present … determinants of the observed cycles of privatization and nationalization, and is consistent with a variety of observed phenomena …

Persistent link: https://www.econbiz.de/10012462530