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framework for competition and changes in ownership structure. The paper focuses on the following issues related to the plan … owned companies should keep separate accounts. Regarding transmission and dispatch, common ownership would not be a problem …
Persistent link: https://www.econbiz.de/10008595670
. Therefore, this paper empirically assesses the effects of regulation, privatization and liberalization reforms, as well as their … privatization of the main incumbent operator and the fixed-line market's liberalization affect the sector's performance negatively … and a privatized incumbent helps to eliminate the drawbacks on the sector performance resulting from privatization …
Persistent link: https://www.econbiz.de/10011274575
Much has been written about the current trend toward privatization of public enterprises. Selling Public Enterprises is …
Persistent link: https://www.econbiz.de/10005233388
In this paper, we discuss the choice for build-operate-and-transfer (BOT) concessions when governments and firm managers do not share the same information regarding the operation characteristics of a facility. We show that larger shadow costs of public funds and larger information asymmetries...
Persistent link: https://www.econbiz.de/10010610448
.__________ABSTRACTA panoramic vision of hte Colombian process of privatization, in the comparedanálisis, show at least two characteristics that …
Persistent link: https://www.econbiz.de/10010763382
Starting from an industry where production is provided by a public monopolist, we look at the effects on the consumers' surplus of a sequence of reforms in network industry. Using a simple comparative statics framework, we find indifference conditions in consumers' surplus between respectively...
Persistent link: https://www.econbiz.de/10005007412
This paper studies the effect of soft-budget constraints in a pure adverse selection model of monopoly regulation. We consider a government maximizing total surplus but incurring some cost of public funds A la Laffont Tirole (1993). We propose a regulatory set-up in which firms are free to enter...
Persistent link: https://www.econbiz.de/10005008419
The paper studies the impact of government budget constraint in a pure adverse selection problem of monopoly regulation. The government maximizes total surplus but incurs some cost of public funds à la Laffont and Tirole (1993). An alternative to regulation is proposed in which firms are free...
Persistent link: https://www.econbiz.de/10005067470
We study the effect of state ownership on the market-to-book ratios of publicly traded European utilities from 1994 to … 2005. We find that when the company is subject to independent regulation, state ownership seems positively associated with …
Persistent link: https://www.econbiz.de/10010682520
In this paper, we discuss the choice for build–operate-and-transfer (BOT) concessions when governments and firm managers do not share the same information regarding the operation characteristics of a facility. We show that larger shadow costs of public funds and larger information asymmetries...
Persistent link: https://www.econbiz.de/10010664298