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subject of this study is the analysis of network industries with particular emphasis on privatization in this field in general … is threefold. The chapter on privatization is based on a theoretical model, followed by a chapter on the institutional …
Persistent link: https://www.econbiz.de/10011747619
independence; b) partial ownership of the state in the regulated firm; and c) the government’s political orientation, which may …), while ownership has no effect. Leverage also increases when the IRA is in place, especially so if the regulated firm is … ; Private and State Ownership ; Regulatory Independence ; Government’s Political Orientation …
Persistent link: https://www.econbiz.de/10008729094
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. An alternative to regulation is proposed in which firms are free to enter the market and to choose...
Persistent link: https://www.econbiz.de/10012779949
sequencing privatizing events, and determining the extent of private ownership in partial privatization. We investigate this …Selection in privatization is a decision-making process of choosing state-owned enterprises (SOEs), prioritizing and … SOEs and identify 9,359 privatization cases over time. Our econometric analysis concludes: (i) The privatization selection …
Persistent link: https://www.econbiz.de/10013024217
We assembled a large panel of project-level technical and financial data, as well as country-level economic, institutional, and political variables to assess how political competition and policy insulation feasibility determine private participation in financing infrastructure in emerging...
Persistent link: https://www.econbiz.de/10012994813
The issue of internal security has become increasingly complex over the past decades. As there is an increasing overlap between private and public provision of security, the question of how to allocate responsibility for security between the public sphere (state) and the private sphere has...
Persistent link: https://www.econbiz.de/10013279966
The issue of internal security has become increasingly complex over the past decades. As there is an increasing overlap between private and public provision of security, the question of how to allocate responsibility for security between the public sphere (state) and the private sphere has...
Persistent link: https://www.econbiz.de/10013285829
Recent evidences indicate that privatization leads to enormous benefits to society almost without undesirable costs …. However, stakeholders of privatization seem not to satisfy the resulting performance of privatized firms. Using data from 202 … companies up to 10 years and study costs and benefits of privatization. Privatization is followed by a 1.1-percentage …
Persistent link: https://www.econbiz.de/10013146701
infrastructure such as the electricity and gas grids in public ownership while selling state companies in areas such as food, banking …
Persistent link: https://www.econbiz.de/10013319310
U.S. network industry reforms led other countries in the past, but have recently run into difficulties in specific areas. In particular, the U.S. telecommunications sector was hit by a deep crisis and electricity reforms suffered under the California disaster. Part of the explanation for these...
Persistent link: https://www.econbiz.de/10013319434