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Regulation and privatisation: The case of electricity

Bortolotti, Bernardo; Fantini, Marcella; Siniscalco, … - 1998

sector in 38 countries for the period 1977-97 shows that regulation is a crucial institutional variable in privatisation. Not …

Persistent link: https://www.econbiz.de/10011608438

The political economy of incentive regulation: Theory and evidence from US states

Guerriero, Carmine - 2008

The determinants of incentive regulation are a key issue in industrial policy. I study an asymmetric information model …

Persistent link: https://www.econbiz.de/10010270939

Dependent Controllers and Regulation Policies: Theory and Evidence

Guerriero, Carmine - 2006

This paper analyzes the effects of supervisors' (i.e., regulators and judges) selection rules on regulated prices. A checks and balances' regulatory review process strengthens the role of the judicial power and election increases the populism of implicitly motivated supervisors. Election arises...

Persistent link: https://www.econbiz.de/10010312360

The Political Economy of Privatization: Why Do Governments Want Reforms?

Boerner, Kira - 2004

International organizations promote privatization as precondition for economic development. But is there really too … little privatization? This political economy model asks for the incentives of governments to privatize or restructure a state …-owned firm. Different government types are compared to identify the political and institutional determinants of privatization …

Persistent link: https://www.econbiz.de/10011324980

Benevolent government, managerial incentives, and the virtues of privatization

Lülfesmann, Christoph - 2002

We show that privatization can be beneficial even if the government is rational and benevolent, and if the firm …, privatization is strictly preferable if the firm's future survival does not crucially depend on the success of managerial effort. …

Persistent link: https://www.econbiz.de/10011335738

Capital Structure and Regulation: Does Ownership Matter?

Cambini, Carlo; Bortolotti, Bernardo; Rondi, Laura; … - 2007

We construct a comprehensive panel data of 96 publicly traded European utilities over the period 1994-2005 in order to study the relationship between the capital structure of regulated firms, regulated prices, and investments, and examine if and how this interaction is affected by ownership...

Persistent link: https://www.econbiz.de/10010312393

Investment Size and Firm's Value Under Profit Sharing Regulation

Moretto, Michele; Panteghini, Paolo M.; Scarpa, Carlo - 2003

In this article we analyse the effects of different regulatory schemes (price cap and profit sharing) on a firm's investment of endogenous size. Using a real option approach in continuous time, we show that profit sharing does not affect a firm's start-up decision relative to a pure price cap...

Persistent link: https://www.econbiz.de/10011325118

Regulation at home, competition abroad: A theoretical framework

Calzolari, Giacomo; Scarpa, Carlo - 2001

This paper analyses in a hidden characteristic set-up the design of the optimal price for a firm which is a monopolist at home but competes abroad against foreign firms. As long as diseconomies of scope are not too strong, the optimal price is identified. The price rule depends on the sign of...

Persistent link: https://www.econbiz.de/10011608801

Endogenous Price Mechanisms,Capture and Accountability Rules: Theory and Evidence

Guerriero, Carmine - 2006

-based regulation lowers regulated prices. …

Persistent link: https://www.econbiz.de/10010312604

Accountability in government and regulatory policies: Theory and evidence

Guerriero, Carmine - 2008

This paper analyzes the political economy of regulatory and judicial appointment rules. I study a model of price-setting by a political principal faced with a firm with unknown costs, and endowed with an information-gathering technology whose efficiency rises with the effort exerted by two...

Persistent link: https://www.econbiz.de/10010279581

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