With the liberalisation of the European electricity market, new instruments are searched for in order to co …

electricity generation industry. While our analysis focuses on the post privatisation experiences in England and Wales, the … from a move from the current non-cooperative regulatory regime to co-operative regulation between the environmental and …

In this paper we consider various privatisation mechanisms in a general equilibrium model. We show that privatisation … assets is financially neutral, whereas the sale of public assets is not. If taxes are not available, there is a privatisation …

British PIPOs (Privatisation Initial Public Offerings) between 1977-1996, i.e. from the first privatisation under a Labour …. We decompose this trend by subgroups within a 55 observations sample, and conclude that lax regulation was probably the …

sector in 38 countries for the period 1977-97 shows that regulation is a crucial institutional variable in privatisation. Not …This paper sheds some light about privatisation in utilities. An empirical analysis based on sales in the electricity … proceeds reducing regulatory risk. The revenues-efficiency trade-off loses some relevance in electricity privatisation. …

conventional pre- versus post-privatisation comparisons, we find that profitability, output, operating efficiency and capital … investment spending increase significantly after privatisation, while employment and leverage decline significantly. However … privatisation. We verify that privatisation is significantly related to higher profitability, output and efficiency, and with …