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The Structure of Corporate ownership in Privatized Utilities

Trillas, Francesco - C.E.P.R. Discussion Papers - 2002

this separation interact with the regulation of the product market. The main issue to be addressed here is how the degree …

Persistent link: https://www.econbiz.de/10005123598

Government Outsourcing: Public Contracting with Private Monopoly

Auriol, Emmanuelle; Picard, Pierre M - C.E.P.R. Discussion Papers - 2006

The paper studies the impact of government budget constraint in a pure adverse selection problem of monopoly regulation … to regulation is proposed in which firms are free to enter the market and to choose their price and output levels … than traditional regulation where governments commit to both investment and operation cash-flows. This is especially …

Persistent link: https://www.econbiz.de/10005067470

A Theory of BOT Concession Contracts

Auriol, Emmanuelle; Picard, Pierre M - C.E.P.R. Discussion Papers - 2011

In this paper, we discuss the choice for build-operate-and-transfer (BOT) concessions when governments and 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 entice...

Persistent link: https://www.econbiz.de/10008921773

The Proper Scope of Governments When Costs are Contractible

Dalen, Dag Morten; Moen, Espen R - C.E.P.R. Discussion Papers - 2003

We discuss the relative merits of public and private ownership. Our starting point is the analysis of Hart, Schleifer and Vishny (HSV), who apply an incomplete contract framework to study the difference between private and public ownership. Our analysis departs from HSV’s model in two aspects....

Persistent link: https://www.econbiz.de/10005124030

Privatization and Restructuring in Concentrated Markets

Norbäck, Pehr-Johan; Persson, Lars - C.E.P.R. Discussion Papers - 2005

This Paper examines the restructuring of state assets in markets deregulated by privatizations and investment liberalizations. We show that a net revenue maximizing government has a stronger incentive to restructure than a profit maximizing acquiring firm: A restructuring firm only takes into...

Persistent link: https://www.econbiz.de/10005792109

Regulation, Privatization, and Airport Charges: Panel Data Evidence from European Airports

Bilotkach, Volodymyr; Clougherty, Joseph A.; Mueller, … - C.E.P.R. Discussion Papers - 2011

main empirical results indicate that aeronautical charges are lower at airports when single-till regulation is employed …, when airports are privatized, and -- tentatively -- when ex-post price regulation is applied. Furthermore, hub airports … generally set higher aeronautical charges, and it appears that price-cap regulation and the presence of nearby airports do not …

Persistent link: https://www.econbiz.de/10009351519

Assessing the impact of Mali’s water privatization across stakeholders

Estache, Antonio; Grifell-Tatjé, Emili - C.E.P.R. Discussion Papers - 2011

This paper offers a unique quantitative evaluation of the distribution of the welfare of a water privatization experience in Mali among labor, investors, intermediate input providers, users and taxpayers. The assessment is based on indicator duality and production theory. The paper shows that...

Persistent link: https://www.econbiz.de/10009399719

Infrastructure and Public Utilities Privatization in Developing Countries

Auriol, Emmanuelle; Picard, Pierre M - C.E.P.R. Discussion Papers - 2006

absence of a credible regulatory agency, regulation is achieved through public ownership. …

Persistent link: https://www.econbiz.de/10005124293

Intra-national versus International Trade in the European Union: Why do National Borders Matter?

Chen, Natalie - C.E.P.R. Discussion Papers - 2002

Based on the estimation of a theoretically consistent gravity equation, together with a careful computation of transportation costs across countries and industries, the Paper first provides estimates of ‘border effects’ among EU countries. The second objective is to examine the reasons for...

Persistent link: https://www.econbiz.de/10005792246