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Growth, Initial Conditions, Law and Speed of Privatization in Transition Countries : 11 Years Later

Godoy, Sergio; Stiglitz, Joseph E. - 2021

the market. In particular, we look at whether speed of privatization, legal institutions or initial conditions are more … endogeneity, confused issues of speed and level of privatization, and did not face up to the problems of multicollinearity. Our … results suggest that, contrary to the earlier literature, the speed of privatization is negatively associated with growth, but …

Persistent link: https://www.econbiz.de/10013234403

The Land that Lean Manufacturing Forgot? Management Practices in Transition Countries

Bloom, Nicholas - 2014

We have conducted the first survey on management practices in transition countries. We found that Central Asian transition countries, such as Uzbekistan and Kazakhstan, have on average very poor management practices. Their average scores are below emerging countries such as Brazil, China and...

Persistent link: https://www.econbiz.de/10013067648

After the Big Bang? Obstacles to the Emergence of the Rule of Law in Post-Communist Societies

Hoff, Karla; Stiglitz, Joseph E. - 2021

When Russia launched mass privatization, it was widely believed that it would create a powerful constituency for the … show that beneficiaries of mass privatization may fail to demand the rule of law even if it is the Pareto efficient rule of …

Persistent link: https://www.econbiz.de/10013233844

Differentiation Strategy and Market Deregulation : Local Telecommunication Entry in the Late 1990s

Greenstein, Shane M.; Mazzeo, Michael J. - 2021

' incentives to differentiate their services should shape the policy debate for competitive local telecommunications …

Persistent link: https://www.econbiz.de/10013243919

Contracting for Government Services : Theory and Evidence from U.S. Cities

Levin, Jonathan - 2010

Local governments can provide services with their own employees or by contracting with private or public sector providers. We develop a model of this quot;make-or-buyquot; choice that highlights the trade-off between productive efficiency and the costs of contract administration. We construct a...

Persistent link: https://www.econbiz.de/10012759893

The Proper Scope of Government : Theory and an Application to Prisons

Hart, Oliver; Shleifer, Andrei; Vishny, Robert W. - 2021

effect on non-contractible quality. The model is applied to understanding the costs and benefits of prison privatization …

Persistent link: https://www.econbiz.de/10013240524

Can Amputation Save the Hospital? The Impact of the Medicare Rural Flexibility Program on Demand and Welfare

Gowrisankaran, Gautam - 2013

This paper seeks to understand the impact of the Medicare Rural Hospital Flexibility (Flex) Program on hospital choice and consumer welfare for rural residents. The Flex Program created a new class of hospital, the Critical Access Hospital (CAH), which receives more generous Medicare...

Persistent link: https://www.econbiz.de/10013085121

The Simple Economics of Salience and Taxation

Chetty, Raj - 2010

This paper derives empirically implementable formulas for the incidence and efficiency costs of taxation that account for tax salience effects as well as other optimization errors. Contrary to conventional wisdom, the formulas imply that the economic incidence of a tax depends on its statutory...

Persistent link: https://www.econbiz.de/10013151369

Evaluating Welfare with Nonlinear Prices

Reiss, Peter C. - 2006

This paper examines how to evaluate consumer welfare when consumers face nonlinear prices. This problem arises in many settings, such as devising optimal pricing strategies for firms, assessing how price discrimination affects consumers, and evaluating the efficiency costs of many transfer...

Persistent link: https://www.econbiz.de/10012779746

Assessing the Gains from E-Commerce

Dolfen, Paul - 2019

E-Commerce represents a rapidly growing share of consumer spending in the U.S. We use transactions-level data on credit and debit cards from Visa, Inc. between 2007 and 2017 to quantify the resulting consumer surplus. We estimate that E-Commerce spending reached 8% of consumption by 2017,...

Persistent link: https://www.econbiz.de/10012891324

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