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A coase-kép másképp: Coase és a közszolgáltatások

Pál, Valentiny - 2018

Thinking about Ronald Coase, economists generally refer to transaction and social costs, to the importance of property rights and institutions or to the Coase-theorem. Examine his work more closely, a common feature takes shape behind these ideas, the public utilities. The constant and detailed...

Persistent link: https://www.econbiz.de/10012290254

Energy services at local and national level in the transition period in Hungary

Valentiny, Pál - 2008

Energy industries are mainly organised at national level in Hungary, however local governments have their specific role in the system. Local governments have been major performers in the first period of the transition process: they were entitled to receive 25 per cent of the shares in electric...

Persistent link: https://www.econbiz.de/10010494369

Piacnyitás a hálózatos szolgáltatásoknál

Valentiny, Pál - 2010

Several decades of market opening has become a characteristic of network industries. Its main hindrances and aids has come into sight during this period. There is a need now to evaluate the process of market opening and to assess the steps to be taken. Market opening is usually measured by...

Persistent link: https://www.econbiz.de/10010494442

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/10013482869

Political Selection of Firms into Privatization Programs - Evidence from Romanian Comprehensive Data

Szentpéteri, Ádám; Telegdy, Álmos - 2008

Exploiting a unique institutional feature of the early Romanian privatization setup, when a group of firms was explicitly barred from any privatization, we test how politicians select firms into privatization programs. Using a comprehensive dataset that includes all firms inherited from...

Persistent link: https://www.econbiz.de/10010494385

Political Selection of Firms into Privatization Programs. Evidence from Romanian Comprehensive Data

Szentpéteri, Ádám; Telegdy, Álmos - 2009

Exploiting a unique institutional feature of the early Romanian privatization setup, when a group of firms was explicitly barred from any privatization, we test how politicians select firms into privatization. Using comprehensive data that includes all firms inherited from socialism, we estimate...

Persistent link: https://www.econbiz.de/10010494403

Political Objectives and Privatization Decisions - Selection of Firms into Privatization or Long-Term State Ownership in Romania

Szentpéteri, Ádám; Telegdy, Álmos - 2009

With the help of a peculiar institutional feature of early Romanian privatization, when a group of firms was explicitly banned to become private, we test which factors contributed to the selection of firms into long-term state ownership. We find that politicians sheltered large and inefficient...

Persistent link: https://www.econbiz.de/10010494411

Endogenous price leadership: A theoretical and experimental analysis

Güth, Werner; Pull, Kerstin; Stadler, Manfred; Zaby, … - 2013

We present a model of price leadership on homogeneous product markets where the price leader is selected endogenously …. The price leader sets and guarantees a sales price to which followers can adjust according to their individual supply … functions. The price leader then clears the market by serving the residual demand. Firms with different marginal costs would …

Persistent link: https://www.econbiz.de/10010323890

Trade credit and pricing: An empirical evaluation

Amberg, Niklas; Jacobson, Tor; von Schedvin, Erik - 2018

trade credit issuance to price setting. In a recession characterized by tightened credit conditions, we find that prices … funding costs and counterparty risks. Our results thus demonstrate the importance of trade credit for price setting and show …

Persistent link: https://www.econbiz.de/10011943324

Globalization and the markups of European firms

Békés, Gábor; Hornok, Cecília; Muraközy, Balázs - 2016

We use a unique cross-section survey of manufacturing firms from four European countries (France, Germany, Italy, Spain) linked with balance sheet data to study the relationship between key aspects of globalization and firm-level markups. The main results are: (i) Exporting is positively...

Persistent link: https://www.econbiz.de/10011944878

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