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Persistent link: https://www.econbiz.de/10002121928
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/10011597691
This paper discusses a framework for analyzing robust institutions for water markets drawn on the new institutional economics school of thoughts which is based on Williamson, North, Coase and Ostrom theories on transaction cost economics, property rights and collective actions. Based on these...
Persistent link: https://www.econbiz.de/10009757358
The current Water Abstraction License (WAL) regime in Italy is no longer flexible enough to cope with the challenges posed by human-induced climate and global environmental changes. The cornerstones of the current regime were laid down in the 1930s and have remained essentially unchanged ever...
Persistent link: https://www.econbiz.de/10011457607
Urban water and wastewater management are relatively under-studied subjects in India. The Indian urban space has been understood in an undifferentiated manner, which ignores the specificities deriving from the stage of urban development, the sources of water, as also the diverse nature of...
Persistent link: https://www.econbiz.de/10011483639
Persistent link: https://www.econbiz.de/10002181680
The simultaneous achievement of the sustainable development goals (SDGs) is, to say the least, challenging. In a situation of increasing and multiple demands over limited resources, pursuing each goal separately could lead to increased competition. The situation in Africa is particularly...
Persistent link: https://www.econbiz.de/10011695464
We analyze the optimal investment strategy of a monopolist which has subscribed a concession contract to provide a public utility, i.e. water service. We present a strategic model in which a monopolist chooses both the timing of the investment and the capacity. We focus not only on the value of...
Persistent link: https://www.econbiz.de/10011607043