Showing 1 - 10 of 119
For several decades public enterprises have been criticised for their poor economic performance. Many economists take it as “conventional wisdom” that publicly owned enterprises are inefficient by their very nature. This seemed to be proved by what is probably the most cited survey...
Persistent link: https://www.econbiz.de/10011258910
Augmenting consumer welfare was a key justification behind the reform of utilities from the 1980s. But, three decades … later, evidence is mounting that consumer satisfaction with household utilities is quite uneven. Moreover, governments … application of this technique to the analysis of satisfaction with household utilities across multiple countries. We find strong …
Persistent link: https://www.econbiz.de/10011258751
principles of price formation and order of tariffs, surplus and limit indexes in utilities sector.” This resolution makes it …
Persistent link: https://www.econbiz.de/10008592975
To what extent should public utilities regulation be expected to converge across countries? When it occurs, will …
Persistent link: https://www.econbiz.de/10005835636
preferences, and also of von Neumann-Morgenstern utilities for choices under uncertainty. We show that with a finite number of … choices there exist no continuous anonymous aggregation rules that respect unanimity, for such preferences or utilities. With …-Morgenstern utilities. With a finite number of choices, these spaces are proven to be noncontractible. With infinitely many choices, on the …
Persistent link: https://www.econbiz.de/10005621312
Abstract: This paper analysis Computerized National Identity Cards (CNIC), National Database and Registration Authority (NADRA) KIOSKs, NADRA Swift Registration Centers (NSRCs) and their working mode of payments and prospects. The results reveal that mode of payments of different utility bills...
Persistent link: https://www.econbiz.de/10005621707
In this paper we study a utility representation for preferences, and we price its continuity, using a topology for preferences introduced by Chichilnisky (1977). Such utility representations were constructed under restrictive conditions first by Y. Kannai and S. Reiter (1974, 1975). Our results...
Persistent link: https://www.econbiz.de/10005621995
Infrastructures have been traditionally built, maintained and operated by the public sector. Road and railway networks, energy, electricity and water were traditionally designed in public sector headquarters in many countries until the eighties. Since then, and due to fiscal crisis and public...
Persistent link: https://www.econbiz.de/10005790099
This paper provides empirical evidence on ex ante and ex post indicators of regulatory quality and the relationship between those indicators and market performance in liberalised EU-15 network industries. We report a low level of regulatory independence and competence, a high level of...
Persistent link: https://www.econbiz.de/10009644765
This paper is aimed at examining the theoretical determinants and empirical evidence on the use of derivatives in Latin America for risk management. The contingent claims, the development of their market, and their use, is undoubtedly one of the most powerful financial innovations available to...
Persistent link: https://www.econbiz.de/10011210477