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 …

had some positive impact. By the late 1990s, the Government realized the need to gradually introduce competition to ensure … develop the power sector with top-level government commitment, highly-qualified staff, and consensus among sector institutions …