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Energy Policy Issues after Privatisation
Newbery, David M G - C.E.P.R. Discussion Papers - 1986
energy sector associated with privatisation. The paper begins with a brief review of how energy policy was perceived before …
Persistent link: https://www.econbiz.de/10005666940
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Why are Some People (and Countries) More Protectionist than Others?
Mayda, Anna Maria; Rodrik, Dani - C.E.P.R. Discussion Papers - 2001
We analyse a rich cross-country data set that contains information on attitudes toward trade as well as a broad range of socio-demographic, and other, indicators. We find that pro-trade preferences are significantly and robustly correlated with an individual's level of human capital, in the...
Persistent link: https://www.econbiz.de/10005791973
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Macroeconomic Derivatives: An Initial Analysis of Market-Based Macro Forecasts, Uncertainty and Risk
Gürkaynak, Refet S.; Wolfers, Justin - C.E.P.R. Discussion Papers - 2006
in surveys of professional forecasts survive in equilibrium, and that these markets are remarkably well calibrated …
Persistent link: https://www.econbiz.de/10005656457
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Are the Costs of Cleaning Up Eastern Europe Exaggerated? Economic Reform and the Environment
Hughes, Gordon - C.E.P.R. Discussion Papers - 1990
Widespread concern has been expressed that the costs of reducing environmental pollution in Eastern Europe will divert resources that would otherwise be available for industrial modernization. In fact, apart from a number of severely damaged areas, the general level of exposure to major...
Persistent link: https://www.econbiz.de/10005281413
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The Effect of Ownership and Competitive Pressure on Firm Performance in Transition Countries: Micro Evidence from Bulgaria, Romania and Poland
Angelucci, Manuela; Estrin, Saul; Konings, Jozef; … - C.E.P.R. Discussion Papers - 2001
results also indicate that privatisation has positive effects on firm performance. In particular, domestic private firms and …
Persistent link: https://www.econbiz.de/10005504242
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Competition and Enterprise Performance in Transition Economies: Evidence from a Cross-country Survey
Carlin, Wendy; Fries, Steven; Schaffer, Mark E; … - C.E.P.R. Discussion Papers - 2001
This Paper uses a survey of 3,300 firms in 25 transition countries to shed light on the factors that influence restructuring by firms and their subsequent performance as measured by growth in sales and in sales per employee over a three-year period. We begin by surveying what a decade of...
Persistent link: https://www.econbiz.de/10005114471
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Mass Privatisation and Partial State Ownership of Firms in Transition Economics
Bennett, John; Estrin, Saul; Maw, James - C.E.P.R. Discussion Papers - 2001
In their privatization programs, transition governments have frequently given away shares (so-called `mass privatization'), while maintaining significant minority ownership. We explain the rationality of these policies for an expected net-revenue maximizing government. Our argument rests on a...
Persistent link: https://www.econbiz.de/10005666469
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Privatisation in Poland: What Was the Government Trying to Achieve?
De Fraja, Gianni; Roberts, Barbara M - C.E.P.R. Discussion Papers - 2007
This paper uses the sequencing of privatisation to infer the objective pursued by the Polish government in the … privatisation of its large manufacturing firms in the second half of the 1990's. We construct a model of mixed oligopoly, and use it … to evaluate the privatisation process; our analysis is based on the assumption that firms which furthered the government …
Persistent link: https://www.econbiz.de/10005661699
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Effect of Regulatory Constraints on Fund Performance: New Evidence from UCITS Hedge Funds
Joenväärä, Juha; Kosowski, Robert - C.E.P.R. Discussion Papers - 2015
We economically motivate and then test a range of hypotheses regarding performance and risk differences between UCITS-compliant and other hedge funds. The latter exhibit more suspicious return patterns than do absolute return UCITS (ARUs), but ARUs exhibit higher levels of operational risk. We...
Persistent link: https://www.econbiz.de/10011272713
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Investment and capital structure of partially private regulated firms
Cambini, Carlo; Spiegel, Yossi - C.E.P.R. Discussion Papers - 2011
We develop a model that examines the capital structure and investment decisions of regulated firms in a setting that incorporates two key institutional features of the public utilities sector in many countries: firms are partially owned by the state and regulators are not necessarily...
Persistent link: https://www.econbiz.de/10009209829