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Persistent link: https://www.econbiz.de/10012821787
Road congestion and air pollution are key challenges for quality of life in urban settings. This research leverages highly disaggregated crowdsourced data from Latin America to study the effect of road congestion on levels of carbon monoxide, nitrogen dioxide, and particulate matter in four of...
Persistent link: https://www.econbiz.de/10014494332
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In Germany, competitive franchising is increasingly being used to procure passenger railway services that were previously provided by a state monopolist. This paper analyzes 77 tenders that differ with respect to network size, service frequency, contract duration and the proximity to other lines...
Persistent link: https://www.econbiz.de/10003387556
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We investigate how various institutional settings affect a network provider’s incentives to invest in infrastructure quality. Under reasonable assumptions on demand, investment incentives turn out to be smaller under vertical separation than under vertical integration, though we also provide...
Persistent link: https://www.econbiz.de/10001729423
with increasing returns to scale. We show that privatization is preferred to regulation for intermediate values of the … privatization is likely to disappear once the product market allows the entry of more than one firm.In this paper, we study the … show that privatization is preferred to regulation for intermediate values of the shadow cost of public funds (i.e., the …
Persistent link: https://www.econbiz.de/10011597781
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/10011606637
Mass privatization offers a particularly suitable framework to study the change in ownership concentration as the … extent of change is unusual for a stable market economy. Focusing on two different mass privatization schemes in two … transition economies, Poland and the Czech Republic, we find that despite important differences in the design of the two …
Persistent link: https://www.econbiz.de/10011606874