"Education and media services have much in common. Both provide services that embody local cultures, in which there is extensive public sector participation and significant domestic regulation. Both are dramatically affected by the information and communications technology revolution. The...

PPP haben sich in Deutschland und international als wünschenswerte Beschaffungsalternative der Öffentlichen Hand etabliert. Dabei spielt vor allem die Kosteneffizienz gegenüber der Eigenerstellung durch die Öffentliche Hand eine Rolle. Aber bewirtschaften private Unternehmen staatlich...

This paper studies the effect of ownership structure on workers' incentives for investing in firm-specific human capital. Particularly, we analyse such incentivers and monitoring under employee ownership and capitalist ownership. In our model, the employee-owned firm is a firm bought by its...