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Lopez-de-Silane, Florencio - 1996

Generating government revenue is a common objective in privatization. This paper asks: what determines privatization … actions prior to privatization. The data, gathered from primary sources, encompass 361 privatized Mexican companies in 49 four …-digit industry codes. The determinants of auction privatization prices are divided into three groups: (1) company performance and …

Persistent link: https://www.econbiz.de/10012473365

The creation of the rule of law and the legitimacy of property rights : the political and economic consequences of a corrupt privatization

Hoff, Karla Ruth - 2005

investigate the demand for the rule of law in post-Communist economies after privatization under the assumption that theft is …

Persistent link: https://www.econbiz.de/10010522421

Market Provision of Public Goods : The Case of Broadcasting

Anderson, Simon P. - 2000

focus is to explore the ability of the market to provide broadcasting efficiently in a world in which broadcasters earn …

Persistent link: https://www.econbiz.de/10012471263

When Can Public Policy Makers Rely on Private Markets? The Effective Provision of Social Services

Blank, Rebecca M. - 1999

The privatization of social services is being increasingly discussed. The social services market is characterized by …

Persistent link: https://www.econbiz.de/10012471699

Private versus Public Enforcement of Fines

Polinsky, A. Mitchell - 1979

The present paper analyzes the competitive, monopolistic, and public enforcement of fines allowing for the costs of enforcement to differ by the choice of the enforcer. There are a number of reasons to expect such differences. First, the benefits from coordinating enforcement -- for example,...

Persistent link: https://www.econbiz.de/10012478810

Adjudication as a Private Good

Landes, William M. - 1978

theory of law, our finding that the public courts do not automatically generate efficient rules is disappointing, since it … strongly influenced by economic considerations and explicable in economic terms, is evidence that economic theory has a major …

Persistent link: https://www.econbiz.de/10012478886

The Private and Social Costs of Unemployment

Feldstein, Martin - 1977

This short note emphasizes and illustrates two basic points: (1) The private costs of unemployment, i.e., the costs borne by the unemployed themselves, vary substantially and are often extremely low. This low private cost is an important cause of the permanently high unemployment rate in the...

Persistent link: https://www.econbiz.de/10012478913

The Private Enforcement of Law

Landes, William M. - 1974

Gary Becker and George Stigler advocate the privatization of law enforcement. In the present article, we explore the idea … enforcement. The model predicts the level of enforcement and the number of offenses that would occur in a world of exclusively … blackmail and bribery. The positive implications of the model appear to be consistent with observations of the real world …

Persistent link: https://www.econbiz.de/10012479061

The Regulation of Private Money

Gorton, Gary B. - 2019

Financial crises are bank runs. At root the problem is short-term debt (private money), which while an essential feature of market economies, is inherently vulnerable to runs in all its forms (not just demand deposits). Bank regulation aims at preventing bank runs. History shows two approaches...

Persistent link: https://www.econbiz.de/10012479840

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

Levin, Jonathan - 2007

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

Persistent link: https://www.econbiz.de/10012465302

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