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Regulatory agencies : impact on firm performance and social welfare

Estache, Antonio; Rossi, Martin A. - Economics Research, World Bank Group - 2008

The authors explore the relation between the establishment of a regulatory agency and the performance of the electricity sector. The authors exploit a unique dataset comprising firm-level information on a representative sample of 220 electric utilities from 51 development and transition...

Persistent link: https://www.econbiz.de/10005116700

Privatization and Regulatory Reform in Brazil: The Case of Freight Railways

Estache, Antonio; Goldstein, Andrea; Pittman, Russell - EconWPA - 2001

A variety of proposals for creating more competition within the railroad sector and in the broader freight transport sector are under consideration in countries throughout the world. Brazil, though something of a latecomer to wider infrastructure reform, has recently taken large steps in...

Persistent link: https://www.econbiz.de/10005556074

Electricity Reforms in Mali: A Macro–Micro Analysis of the Effects on Poverty and Distribution

Boccanfuso, Dorothée; Estache, Antonio; Savard, Luc - Département d'économique, Faculté d'administration - 2007

This paper uses a computable general equilibrium (CGE) microsimulation model to explore the distributional and poverty-related effects of price reform in the electricity sector of Mali, a poor country in West Africa. In the first part of the paper we analyze the distribution of electricity in...

Persistent link: https://www.econbiz.de/10005467340

Divestitures, privatization and corporate performance in emerging markets

Hanousek, Jan; Kočenda, Evžen; Svejnar, Jan - 2009

We use new firm-level data to examine the effects of firm divestitures and privatization on corporate performance in a …'s profitability but do not alter its scale of operations, while the effect of privatization depends on the resulting ownership … structure – sometimes improving performance and sometimes bringing about decline. The effects of privatization are thus more …

Persistent link: https://www.econbiz.de/10009477561

Residual state property and ownership rights

Kočenda, Evžen - In: Politická ekonomie 2000 (2000) 3

Despite the massive scale of the voucher privatization, there still remains a substantial number of companies where the … achievement of the voucher privatization. There exists a clear consensus that further privatization of the residual state property …

Persistent link: https://www.econbiz.de/10005258156

Existence of the learning process at a proxy stock market

Kočenda, Evžen; Hanousek, Jan - In: Politická ekonomie 2007 (2007) 3

Learning is a subject of intense research in economics. We present persuasive evidence that learning took place among uninformed heterogeneous agents during a large-scale naturally-occurring set of auctions. Empirical study employs a unique bidding data set of 5000 individual investors that...

Persistent link: https://www.econbiz.de/10005258221

Development of czech firms during transition: an overview

Kočenda, Evžen; Lízal, Lubomír - In: Politická ekonomie 2002 (2002) 4

Current Czech economic literature on transition lacks a comprehensive view on firms' development. Neither separate microeconomic studies nor macroeconomic stand alone provide complete picture of a real state of the economy. An excessive accent on macroeconomic figures may even be misleading to...

Persistent link: https://www.econbiz.de/10005258298

Electricity Reforms in Senegal: A Macro–Micro Analysis of the Effects on Poverty and Distribution

Boccanfuso, Dorothée; Estache, Antonio; Savard, Luc - Département d'économique, Faculté d'administration - 2007

This paper uses a computable general equilibrium (CGE) macro-micro model to explore the distributional effects of price reform in the electricity sector of Senegal. In the first part of the paper we analyze the distribution of electricity in Senegal by income quintiles, between 1995 and 2001....

Persistent link: https://www.econbiz.de/10005609429

Consumer surplus and the reform of network industries: a primer

Ceriani, Lidia; Florio, Massimo - In: Journal of Economics 102 (2011) 2, pp. 111-122

Persistent link: https://www.econbiz.de/10008926108

Utilities reforms and corruption in developing countries

Estache, Antonio; Goicoechea, A.; Trujillo, Lourdes - Solvay Brussels School of Economics and Management, … - 2008

This paper shows empirically that "privatization" in the energy, telecommunications, and water sectors, and the … that privatization and the introduction of independent regulators have, at best, only partial effects on the consequences …

Persistent link: https://www.econbiz.de/10008590096