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Does Competition Reduce Costs? Assessing the Impact of Regulatory Restructuring on U.S. Electric Generation Efficiency

Markiewicz, Kira; Rose, Nancy L.; Wolfram, Catherine - 2005

Although the allocative efficiency benefits of competition are a tenet of microeconomic theory, the relation between … competition and technical efficiency is less well understood. Neoclassical models of profit-maximization subsume static cost …-minimizing behavior regardless of market competitiveness, but agency models of managerial behavior suggest possible scope for competition …

Persistent link: https://www.econbiz.de/10014028681

Competition through cooperation? : the case of the German postal market

El Masri, Toufic M. - 2013 - This version: October 01, 2013

How can small and medium-sized German postal providers ensure nationwide geographical coverage without the aid of the former monopolist? A closer look at the industry revealed that postal providers in Germany engage in different types of cooperation in order to expand their geographical coverage...

Persistent link: https://www.econbiz.de/10010189578

Reform redux: measurement, determinants and reversals

Campos, Nauro F.; Horváth, Roman - 2006

We construct objective measures of privatization, internal and external liberalization reform efforts, across countries over time, and investigate their determinants, reversals and macroeconomic impacts. We find that GDP growth determines external liberalization and privatization, concentration...

Persistent link: https://www.econbiz.de/10010267675

On the reversibility of structural reforms

Campos, Nauro F.; Horváth, Roman - 2012

What are the factors that explain reversals in the implementation of structural reforms? Our main hypothesis is that reversals in different reforms are driven by different factors. This paper uses new reform indicators and presents novel evidence showing that (a) FDI inflows reduce the...

Persistent link: https://www.econbiz.de/10010282178

Liberalization and the Behavior of Output During the Transmission from Plan to Market

Hernández-Catá, Ernesto - 1998

This paper deals with liberalization and the evolution of output during the transition from plan to market. It explains why strong liberalization leads to a comparatively steep fall in output early in the transition, but a relatively strong recovery later on

Persistent link: https://www.econbiz.de/10014216728