We analyze rehabilitation investments in a regulated water industry with perfectly inelastic demand. We compare alternative organizational solutions for local provision (municipalization, corporatization and privatization), though subject to a common regulatory mechanism. We can then assess the...

Several studies have compared the efficiency of publicly and privately owned water utilities and reached conflicting conclusions on the impact of ownership on efficiency. This article provides further evidence by estimating a stochastic cost frontier for a sample of Asian and Pacific regional...

This study considers a mixed downstream market wherein a vertically-integrated public utility competes with a private firm that purchases inputs from an upstream firm under output subsidies. We construct an endogenous competition mode game and find that not only do pure Cournot and Bertrand...