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In the past two decades privatisation and liberalisation of network industries providing services of general economic interest (SGEI), have been particularly significant in the European Union. Wide variations around a common policy trend can, however, be observed across countries and sectors. We...
Persistent link: https://www.econbiz.de/10003985907
This paper describes the privatization program in Italy during the 1990s and puts that policy in the context of … macroeconomic adjustment, general market deregulation, and promotion of private investment in the provision of public infrastructure … attempts at privatization of the 1980s, delaying until 1992 the start of largescale privatizations. These were imposed on …
Persistent link: https://www.econbiz.de/10011507688
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often been reduced in traditional public-sector industries, where private provision has increased with deregulation and …
Persistent link: https://www.econbiz.de/10011509381
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setting, we study the trade and welfare implications of labor market deregulation and compare these implications with the … consequences of product market deregulation. Thereby, we take into account that labor market reforms are subject to national policy … decisions and thus associated with unilateral intervention, while product market deregulation is determined at an international …
Persistent link: https://www.econbiz.de/10009314549
We borrow standard assumptions from the non-renewable-resource-taxation and from the directed-technical-change literatures, to take a full account of the incentives to perform R&D activities in a dirty-resource sector and in a clean-resource-substitute sector. We show that a gradual rise in the...
Persistent link: https://www.econbiz.de/10009769158
We study the consequences of a large-scale austerity program targeting financially-constrained municipalities in Germany. For identification, we exploit the quasi-random assignment of treatment among equally-distressed municipalities using a difference-in-differences design. The policy helped...
Persistent link: https://www.econbiz.de/10013255970
The aftermath of the recent economic crisis saw the largest U.S. government bailout of corporate entities ever. While the bailout was carried out with the explicit goal of restoring stability, it aroused much controversy and public criticism based on moral hazard concerns as well as the...
Persistent link: https://www.econbiz.de/10011859529
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