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Private politics are often introduced by market participants in the absence of public regulation. But when is private … politics enough, efficient, or better than administratively costly public regulation? We present a novel framework in which we … can study the interaction between regulation, self-regulation by the firm, and boycotts by the activists in a dynamic game …
Persistent link: https://www.econbiz.de/10010487511
This paper reviews recent empirical evidence on privatisation in developing countries. Particular emphasis is placed on new areas of research such as the distributional impacts of privatisation. Overall, the literature now reflects a more cautious and nuanced evaluation of privatisation. Thus it...
Persistent link: https://www.econbiz.de/10011571943
account key institutional features of EU public utilities, such as: a) regulation by agencies with various degrees of …
Persistent link: https://www.econbiz.de/10008729094
The objective of this study is to map the landscape of transnational private regulation (TPR) in professional services …. Transnational private regulation in professional services examines the emerging body of rules created by private actors in a manner …
Persistent link: https://www.econbiz.de/10013101182
This paper presents a game-theoretic model of a liberalized railway market, in which train operation and ownership of infrastructure are vertically separated. We analyze how the regulatory agency will optimally set the charges that operators have to pay to the infrastructure manager for access...
Persistent link: https://www.econbiz.de/10013069290
Public regulation is increasingly facing competition from "private politics" in the form of activism and corporate self-regulation …. However, its effectiveness, welfare consequences, and interaction with public regulation are poorly understood. This paper … presents a unified dynamic framework for studying the interaction between public regulation, self-regulation, and boycotts. We …
Persistent link: https://www.econbiz.de/10012969832
passengers. However, for a number of years it has been the case that technological advances have rendered much regulation …
Persistent link: https://www.econbiz.de/10013224281
regulations under which these services are provided. This is regulation – but it is private regulation, or regulation by the … market, as opposed to statutory regulation. The scope for competition has also been broadened as drivers compete with each …
Persistent link: https://www.econbiz.de/10013225183
Private certification as a means of risk regulation and quality assurance offers advantages over government regulation … institutional advantages over government regulation. Critics of private certification question its legitimacy, asserting that … private regulation is less participatory, transparent, and accountable than government regulation. The article responds to …
Persistent link: https://www.econbiz.de/10013063200
From European integration to domestic politics to the development of the global economy, technocracy and private ordering have shaped economic behaviour. Such transformative private-driven forces of economic activity flourished through the promulgation of voluntary standards. In view of the...
Persistent link: https://www.econbiz.de/10012794045