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This paper shows empirically that privatization in the energy, telecommunications, and water sectors, and the … privatization and the introduction of independent regulators have, at best, only partial effects on the consequences of corruption …
Persistent link: https://www.econbiz.de/10012747895
The authors summarize the main lessons emerging from Argentina's experience, including universal service obligations in concession contracts. They discuss free-riding risks, moral hazard problems, and other issues that arise when social concerns are delegated to private operators. After...
Persistent link: https://www.econbiz.de/10012966170