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We study the effect of state ownership on the market-to-book ratios of publicly traded European utilities observed from … 1994 to 2005. We find that when the company is subject to independent regulation, state ownership is positively associated …
Persistent link: https://www.econbiz.de/10011112859
In this paper it is argued that privatization is not the only alternative to public ownership. Adopting the incomplete … contract approach, it is shown that partial privatization may well be the optimal ownership structure. While in the standard … privatization can be optimal since it mitigates the disadvantages of public ownership (no incentives to improve quality if the …
Persistent link: https://www.econbiz.de/10005790035
A government agency wants a facility to be built and managed to provide a public service. Two different modes of provision are considered. In a public-private partnership, the tasks of building and managing are bundled, whereas under traditional procurement, these tasks are delegated to separate...
Persistent link: https://www.econbiz.de/10011114560
In recent years, the European telecommunications market has witnessed major developments, with rapid expansion in access to telecommunications networks and a surge in the number of available services and applications. While many factors have contributed to the transformation of the...
Persistent link: https://www.econbiz.de/10005787184
Bangladesh, a developing country, traditionally had had a system of university education which was public in operation. During the early 1990s, in line with other liberalization policies, Bangladesh allowed private initiatives in university education as well. During the last decade and a half,...
Persistent link: https://www.econbiz.de/10005789728
Brazil has been experimenting with Private Sector Participation (PSP) in the water and sanitation sector in various forms since the mid-nineties, one of the most common being concession contracts. Currently, 25% of the population is served by companies with private sector participation and this...
Persistent link: https://www.econbiz.de/10005790233
's ownership status. …
Persistent link: https://www.econbiz.de/10005836287
The theoretical and empirical literature on water supply and sewerage liberalization is reviewed in this paper in order to discuss the potential for market creation and private sector involvement in this sector. The analysis is framed in the “policy roadmap” developed by regulatory economics...
Persistent link: https://www.econbiz.de/10005837319
Is the United States in full retreat from internationally recognized regulatory best practice? Or is it instead headed toward some different destination – "dancing to the beat of a different drummer"? Where is this likely to lead?
Persistent link: https://www.econbiz.de/10005616666
ownership differences regarding upcoding. Not–for–profit hospitals have the highest readmission index. Last, not–for–profit and …
Persistent link: https://www.econbiz.de/10008544713