Showing 1 - 10 of 45
of privatization programs in the generation and distribution segments, on some of this sector’s performance outcomes, and …
Persistent link: https://www.econbiz.de/10009395117
In this paper, we discuss the choice for build-operate-and-transfer (BOT) concessions when governments and …rm managers do not share the same information regarding the operation characteristics of a facility. We show that larger shadow costs of public funds and larger information asymmetries...
Persistent link: https://www.econbiz.de/10009369361
This paper studies oligopolistic competition in education markets when schools can be private and public and when the quality of education depends on "peer group"effects. In the first stage of our game schools set their quality and in the second stage they fix their tuition fees. We examine how...
Persistent link: https://www.econbiz.de/10010714005
Since the 1980s, privatization of formerly state-owned firms has been extensively implemented by governments across … institutional aspects as well as data on privatization. Dissatisfaction appears to respond to absolute and relative welfare effects …
Persistent link: https://www.econbiz.de/10008465379
TThis paper seeks to assess the extent to which a country’s overall level of development and that of its financial sector, in particular, are factors that attract private capital into infrastructure projects. The authors investigate these effects in a 1990–2007 dataset on the power sector in...
Persistent link: https://www.econbiz.de/10008672301
We consider the decentralized provision of a global public good with local external- ities in a spatially explicit model. Communities decide on the location of a facility that benefits everyone but exhibits costs to the host and its neighbors. They share the costs through transfers. We examine...
Persistent link: https://www.econbiz.de/10010760348
Individuals are commonly surveyed about their perception or assessment of risk and these variables are often used to explain individuals’ actions to protect themselves against these risks. Perceptions appear as endogenous variables in traditional theoretical averting-decision models but, quite...
Persistent link: https://www.econbiz.de/10011086695
The aim of this paper is to highlight empirically some important worldwide differences in the impact of privatization … performance of the privatization reform can be explained to a large extent by cross-regional heterogeneity. We find that the … impact of privatization on outcomes is significantly positive in OECD and African resource scarce coastal countries, weakly …
Persistent link: https://www.econbiz.de/10009369362
Considering a vertical structure with perfectly competitive upstream firms that deliver a homogenous good to a differentiated retail duopoly, we show that upstream fixed costs may help to monopolize the downstream market. We find that downstream prices increase in upstream firms'fixed costs when...
Persistent link: https://www.econbiz.de/10010934792
In a two-stage game with three firms and two countries, we study the profitability of a domestic merger in the context of an international oligopoly game with differentiated products and in a strategic trade policy environment. In contrast to a completely unregulated economy, we show that the...
Persistent link: https://www.econbiz.de/10010944639