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A fair price for energy? : ownership versus market opening in the EU15

Fiorio, Carlo V.; Florio, Massimo - 2010

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

Privatisation and public ownership in Finland

Willner, Johan - 2003

Finland s state-enterprise sector has been larger than in most countries and included several manufacturing companies. These were usually established because of a scarcity of private venture capital, with a mission to contribute to industrialisation. Some companies have now been privatised in a...

Persistent link: https://www.econbiz.de/10011509381

Privatization in Italy 1993-2002 : goals, institutions, outcomes, and outstanding issues

Goldstein, Andrea - 2003

This paper describes the privatization program in Italy during the 1990s and puts that policy in the context of … attempts at privatization of the 1980s, delaying until 1992 the start of largescale privatizations. These were imposed on … analysis of the consequences of privatization on corporate governance show that, notwithstanding considerable changes in the …

Persistent link: https://www.econbiz.de/10011507688

The big sell : privatizing East Germany's economy

Mergele, Lukas; Hennicke, Moritz; Lubczyk, Moritz - 2020

within less than five years. We examine whether the privatization authority followed its mandate to privatize competitive … investors, and are more likely to remain in business even 20 years after leaving public ownership. The privatization agency …

Persistent link: https://www.econbiz.de/10012287328

The unfinished business of state-owned enterprise reform in the People's Republic of China

Holz, Carsten A. - 2019

This paper examines the progress of state-owned enterprise (SOE) reform in the People's Republic of China. After defining SOEs and considering their scope of operation within the PRC economy, the focus of the paper is on the major reform waves that followed the deterioration of SOE profitability...

Persistent link: https://www.econbiz.de/10012026451

Privatisation around the world : new evidence from panel data

Bortolotti, Bernardo; Fantini, Marcella; Siniscalco, … - 2001

This paper presents new evidence about privatisation processes and their determinants from a panel of 34 countries over the 1977-99 period. The empirical analysis shows that privatisation takes place typically in wealthy and democratic countries, endowed with deep and liquid stock markets, and...

Persistent link: https://www.econbiz.de/10011400889

State or private security supply? : an analysis from the institutional economics perspective

Bretschneider, Wolfgang; Freytag, Andreas; Rieckmann, … - 2022

The issue of internal security has become increasingly complex over the past decades. As there is an increasing overlap between private and public provision of security, the question of how to allocate responsibility for security between the public sphere (state) and the private sphere has...

Persistent link: https://www.econbiz.de/10013285829

On the many ways Europeanization matters : the implementation of the water reform in Italy (1994-2006)

Asquer, Alberto - 2009

The research agenda of Europeanization is currently highly focused on issued related to what accounts for the 'horizontal' interaction between domestic actors and how these actors make use of stimuli originating from the EU. This paper aims to contribute to this line of inquiry through the case...

Persistent link: https://www.econbiz.de/10003922685

Do firms sell forward for strategic reasons? : an application to the wholesale market for natural gas

Eijkel, Remco van; Moraga-González, José Luis - 2010

Building on a model of the interaction of risk-averse firms that compete in forward and spot markets, we develop an empirical strategy to test whether oligopolistic firms use forward contracts for strategic motives, for risk-hedging, or for both. An increase in the number of players weakens the...

Persistent link: https://www.econbiz.de/10008757521

Late payments, liquidity constraints and the mismatch between due dates and paydays

Dahan, Momi; Nisan, Udi - 2020

This paper examines a small random liquidity shock to reveal the effect of liquidity constraints on late payment behavior. In Jerusalem, water bill due dates are randomly determined and therefore may occur just before or after social security paydays. We compared the likelihood of late payments...

Persistent link: https://www.econbiz.de/10012382220