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The resilience of private authority in times of crisis
Delimatsis, Panagiotis - 2021
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
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Quasi-Merit Goods : The Concept and a Case Study of Private Bank Deposits
Vernikov, Andrei - 2021
Drawing on the merit goods concept developed by Richard A. Musgrave, this paper introduces the notion of quasi-merit goods. The criteria of eligibility for merit goods are vague. A quasi-merit good constitutes a special case where government protection and sponsorship are obtained via public...
Persistent link: https://www.econbiz.de/10013244313
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Activists versus captured regulators
Daubanes, Julien; Rochet, Jean-Charles - 2013
We analyze the consequences of activism in a regulated industry where the regulator has been captured by the industry. Unlike ordinary economic agents, activists are insensitive to monetary incentives. Moreover, they are less well informed than regulators and their actions generate dead-weight...
Persistent link: https://www.econbiz.de/10010199716
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Experience of Privatisation, Regulation and Competition : Lessons for Governments
Davies, Lesley - 2006
sequencing privatisation together with competition, regulation and industry restructuring; the role and importance of an …
Persistent link: https://www.econbiz.de/10012733357
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The Deregulation of Private Capital and the Decline of the Public Company
de Fontenay</!>, Elisabeth - 2017
From its inception, the federal securities law regime created and enforced a major divide between public and private capital raising. Firms that chose to “go public” took on substantial disclosure burdens, but in exchange were given the exclusive right to raise capital from the general...
Persistent link: https://www.econbiz.de/10012958861
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Private politics and public regulation
Egorov, Georgij V.; Harstad, Bård - 2015
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
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Privatisation in developing countries : what are the lessons of recent experience?
Estrin, Saul; Pelletier, Adeline - 2016
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
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Regulatory independence and political interference : evidence from EU mixed-ownership utilities’ investment and debt
Cambini, Carlo; Rondi, Laura - 2010 - This draft: 11 May 2010
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
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Transnational Private Regulation in Professional Services
Delimatsis, Panos - 2012
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
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Competition Effects in a Liberalized Railway Market
Lang, Markus - 2014
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