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Privatization and policy competition for FDI

Amerighi, Oscar; De Feo, Giuseppe - Center for Operations Research and Econometrics … - 2008

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

Mixed duopoly, privatizationand the shadow cost of public funds

Capuano, Carlo; De Feo, Giuseppe - Center for Operations Research and Econometrics … - 2008

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

COURNOT Vs STACKELBERG EQUILIBRIA WITH APUBLIC ENTERPRISE AND INTERNATIONALCOMPETITION

Cornes, Richard; Sepahvand, Mehrdad - University <Nottingham> / Department of Economics - 2003

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

PRIVATISATION IN A REGULATED MARKET, OPENTO FOREIGN COMPETITION

Sepahvand, Mehrdad - University <Nottingham> / Department of Economics - 2002

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

Public and Private Welfare Activity in the UnitedKingdom, 1979 to 1999

Smithies, Rachel - London School of Economics and Political Science - 2005

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

Is Privatization Enough? Finding Performance Breaks for UK Power Plants

Triebs, Thomas P.; Pollitt, Michael G. - Judge Business School <Cambridge> - 2010

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

The Financial and Operating Performance ofPrivatized Firms in Sweden

Tatahi, Motasam; Heshmati, Almas - Institut zur Zukunft der Arbeit <Bonn> - 2009

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

Privatisierungshemmnisse - dargestellt am Beispiel der deutschen Abwasserwirtschaft

Winkler, Alexander - 1999

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

On Econometric Analysis of Structural Systemswith Permanent and Transitory Shocksand Exogenous Variables

Pagan, Adrian; Pesaran, M. Hashem - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007

This paper considers the implications of the permanent/transitory decomposition of shocksfor identification of structural models in the general case where the model might contain morethan one permanent structural shock. It provides a simple and intuitive generalization of theinfluential work of...

Persistent link: https://www.econbiz.de/10005863249

A latent factor model for ordinal data to measure multivariate predictive ability of financial market movements

Huber, Philippe; Scaillet, Olivier; Victoria-Feser, … - Institut für Schweizerisches Bankwesen <Zürich> - 2005

In this paper we develop a structural equation model with latent variables in an ordinal setting which allows us to test broker-dealer predictive ability of financial market movements. We use a multivariate logit model in a latent factor framework, develop a tractable estimator based on a...

Persistent link: https://www.econbiz.de/10005858728