governments of port ownership structure. While private ports maximise profits, public ports maximise domestic welfare and face a … wage-oriented. The opposite holds true for firm profits, whilst privati- sation always increases port profits. Moreover …, relative to endogenous port ownership structures, state-owned ports appear as the most likely equilibrium result although all …

data permit us to track the privatization process and to estimate the impact of privatization within industry-year cells … majority privatized versus state-owned firms. The gap increases with time since privatization, reaching about 15-17% five years … after privatization. It also increases with calendar time although recent privatizations are associated with smaller …