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Go public or stay private : a theory of entrepreneurial choice

Boot, Arnoud W. A.; Gopalan, Radhakrishnan; Thakor, Anjan V. - 2003

In this paper we analyze an entrepreneur /manager's choice between private and public ownership in a setting in which management needs some elbow room or autonomy to optimally manage the firm. In public capital markets, the corporate governance regime in place exposes the firm to exogenous...

Persistent link: https://www.econbiz.de/10011334339

Indirect welfare effects of price changes and cost-benefit analysis

Rouwendal, Jan - 2002

The effects of a policy measure often reach the consumer only after one or more intermediatesteps, for instance because the measure lowers the cost of an input for an industry producinga consumer good. This paper is concerned with the question how to measure such indirect effectscorrectly under...

Persistent link: https://www.econbiz.de/10011325968

Non-marginal cost-benefit analysis and the tyranny of discounting

Vermeylen, Koen - 2013

This paper uses the Kaldor-Hicks compensation principle to compute the present value (PV) of a non-marginal future event. Three theoretical results stand out: First, decreasing returns to capital create a wedge between the PV of future generations' willingness to pay (WTP) and the PV of their...

Persistent link: https://www.econbiz.de/10010227375

Bank ownership and financial stability

Perotti, Enrico C.; Vorage, Marcel - 2010

Persistent link: https://www.econbiz.de/10003973321

Welfare effects of road pricing and traffic information under alternative ownerships regimes

Gubins, Sergejs; Verhoef, Erik T.; Graaff, Thomas de - 2010

Persistent link: https://www.econbiz.de/10008654191

Private roads

Verhoef, Erik T. - 2007 - This version: 25/06/08

This paper studies the efficiency impacts of private toll roads in initially untolled networks. The analysis allows for capacity and toll choice by private operators, and endogenizes entry and therewith the degree of competition, distinguishing and allowing for both parallel and serial...

Persistent link: https://www.econbiz.de/10011373827

Welfare effects of road pricing and traffic information under alternative ownership regimes

Gubins, Sergejs; Verhoef, Erik T.; Graaff, Thomas de - 2010

This paper models strategic interactions between a product supplier, a provider of information about product quality, and end users, in the context of road transportation. Using a game-theoretical analysis of suppliers' pricing strategies, we assess the social welfare effects of traffic...

Persistent link: https://www.econbiz.de/10011381856

Privatization, political risk and stock market development in emerging economies

Perotti, Enrico C.; Oijen, Pieter van - 1999

This paper investigates whether privatization in emerging economies has a significant indirect effect on local stock … market development through the resolution of political risk. We argue that a sustained privatization program represents a … regulatory and private property rights. We present evidence suggesting that progress in privatization is indeed correlated with …

Persistent link: https://www.econbiz.de/10011301160

What determines enterprise performance in Russia? : a survey of the evidence

Moers, Luc - 1999

regional competition isrelated with better performance. Secondly, privatization per se isnot. If there is one ownership …

Persistent link: https://www.econbiz.de/10011302132

Private road networks with uncertain demand

Fu, Xinying; Berg, Vincent A. C. van den; Verhoef, Erik T. - 2015

There has been wide interest in private supply of roads as a solution to traffic congestion. We study its efficiency under demand uncertainty: we solve for equilibrium and optimum as benchmarks, and evaluate the efficiency of possible regulatory policies for private road operators. We obtain...

Persistent link: https://www.econbiz.de/10011302395

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