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Effectiveness of Regulatory Structure in the Power Sector of Pakistan
Malik, Afia - Pakistan Institute of Development Economics - 2007
This paper is an attempt to study the regulatory environment in the electricity sector of Pakistan. NEPRA, a regulatory authority was formed in 1997 to protect consumer interests in the area of electricity provision, and to ensure an efficient and competitive environment for the electricity...
Persistent link: https://www.econbiz.de/10005796918
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Paving the way for better telecom performance: Evidence from the telecommunication sector in MENA countries
Ezzat, Riham Ahmed - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2015
. Therefore, this paper empirically assesses the effects of regulation, privatization and liberalization reforms, as well as their …. However, the simultaneous presences of the other reforms in terms of regulation-competition and privatization …
Persistent link: https://www.econbiz.de/10011274575
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A Theory of BOT Concession Contracts
Auriol, Emmanuelle; Picard, Pierre - Toulouse School of Economics (TSE) - 2011
In this paper, we discuss the choice for build-operate-and-transfer (BOT) concessions when governments and …rm 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/10009369361
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A theory of BOT concession contracts
AURIOL, Emmanuelle; PICARD, Pierre M. - Center for Operations Research and Econometrics (CORE), … - 2011
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
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Government Outsourcing: Public Contracting with Private Monopoly
Auriol, Emmanuelle; Picard, Pierre M. - CESifo - 2006
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 …-post with the private firms. This ex-post contracting set-up allows more flexibility than traditional regulation where …
Persistent link: https://www.econbiz.de/10005765762
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Liberal regulation : privatization of natural monopolies with adverse selection
AURIOL, Emmanuelle; PICARD, Pierre - Center for Operations Research and Econometrics (CORE), … - 2004
This paper studies the effect of soft-budget constraints in a pure adverse selection model of monopoly regulation. We …
Persistent link: https://www.econbiz.de/10005008419
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Government Outsourcing: Public Contracting with Private Monopoly
Auriol, Emmanuelle; Picard, Pierre M - C.E.P.R. Discussion Papers - 2006
The paper studies the impact of government budget constraint in a pure adverse selection problem of monopoly regulation … to regulation is proposed in which firms are free to enter the market and to choose their price and output levels … than traditional regulation where governments commit to both investment and operation cash-flows. This is especially …
Persistent link: https://www.econbiz.de/10005067470
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Is the U.S. Dancing to a Different Drummer?
Marcus, J. Scott - Volkswirtschaftliche Fakultät, … - 2005
Is the United States in full retreat from internationally recognized regulatory best practice? Or is it instead headed toward some different destination – "dancing to the beat of a different drummer"? Where is this likely to lead?
Persistent link: https://www.econbiz.de/10005616666
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A theory of BOT concession contracts
Auriol, Emmanuelle; Picard, Pierre M. - In: Journal of Economic Behavior & Organization 89 (2013) C, pp. 187-209
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
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A Theory of BOT Concession Contracts
Auriol, Emmanuelle; Picard, Pierre M - C.E.P.R. Discussion Papers - 2011
In this paper, we discuss the choice for build-operate-and-transfer (BOT) concessions when governments and 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 entice...
Persistent link: https://www.econbiz.de/10008921773