Showing 1 - 10 of 120
In this paper, we provide an explanation of why privatization may attract foreign investorsinterested in entering a … regional market. Privatization turns the formerly-public firm into a lessaggressive competitor since profit- maximizing output …/subsidycompetition for FDI before and after privatization. We show that policy competition isirrelevant in the presence of a public firm …
Persistent link: https://www.econbiz.de/10005868747
This paper analyses the shifting balance between public sector and privatesector welfare provision in the United Kingdom over the past two decades. Fivesectors – education, health, personal social services, housing, and incomemaintenance and social security – are examined over three time...
Persistent link: https://www.econbiz.de/10009354035
The literature shows that for most UK industries privatization might be necessary but is not sufficient to produce … than privatization itself. We ask what changes around privatization had the greatest impact on efficiency for UK … electricity generators. We analyse the effects of privatization and other changes in incentives on plant efficiency using a newly …
Persistent link: https://www.econbiz.de/10009354096
firms. First,accounting data prior to and after the privatization are employed to measure the operatingperformance of … different to private counterparts. Overallresults, however, show that the privatization in Sweden was not as successful as it …
Persistent link: https://www.econbiz.de/10009360652
The purpose of this paper is to investigate the effect of privatization in a mixed duopoly, wherea private firm …). Furthermore, weanalyze the effect of privatization on the timing of competition by endogenizing thedetermination of simultaneous … especially relevant for theanalysis of privatization, given that results and policy prescription emerged in the …
Persistent link: https://www.econbiz.de/10005868731
This paper examines the validity of alternative assumptions aboutpublic enterprise strategies in the presence of both domestic and internationalcompetition. It extends the quantity-setting game to apreplay stage and endogenizes the firms’ order of moves to show thati) Cournot competition is...
Persistent link: https://www.econbiz.de/10005868901
The emerging literature on interaction between strategic trade theoryand privatisation uses a simple example to argue that the irrelevanceresult is invalidated if the domestic market is open to foreigncompetition.This paper uses a fairly general framework to show that anythinga regulated...
Persistent link: https://www.econbiz.de/10005868944
Die vorliegende Arbeit möchte am Beispiel der deutschen Abwasserwirtschaft zeigen, daß Privatisierungen möglich und auch notwendig sind, zahlreiche Faktoren jedoch dazu beitragen, daß es eben nicht zu diesen Privatisierungen kommt.
Persistent link: https://www.econbiz.de/10005844511
As mixture regression models increasingly receive attention from both theory and practice, the question of selecting the correct number of segments gains urgency. A misspecification can lead to an under- or oversegmentation, thus resulting in flawed management decisions on customer targeting or...
Persistent link: https://www.econbiz.de/10009418832
This paper demonstrates the extensive scope of an alternative to standardinstrumental variables methods, namely covariate-based methods, for identifying and es-timating effects of interest in general structural systems. As we show, commonly usedeconometric methods, speci…cally parametric,...
Persistent link: https://www.econbiz.de/10009302533