Similar Search Results

Andersen, Asger L.; Dreyer Lassen, David; Holbøll … - 2010

The budget forms the legal basis of government spending. If a budget is not in place at the beginning of the fiscal year, planning as well as current spending are jeopardized and government shutdown may result. This paper develops a continuous-time war-of-attrition model of budgeting in a...

Persistent link: https://www.econbiz.de/10010320968

The use of exchangeable bonds during the privatization process

Kaźmierczak, Damian; Marszałek, Jakub - In: E-Finanse : finansowy kwartalnik internetowy 9 (2013) 4, pp. 86-95

In our article we present the use of hybrid securities in the privatization process. We show that exchangeable bonds … may be successfully applied during privatization of state companies throughout the world. It may be profitable for many … privatization processes by means of exchangeable bonds i.a. in Germany and in Austria. Most of such operations, e.g. German Deutsche …

Persistent link: https://www.econbiz.de/10010390522

Regulatory independence and political interference : evidence from EU mixed-ownership utilities’ investment and debt

Cambini, Carlo; Rondi, Laura - 2010 - This draft: 11 May 2010

This paper examines the investment and financial decisions of a sample of 92 EU regulated utilities, taking into account key institutional features of EU public utilities, such as: a) regulation by agencies with various degrees of independence; b) partial ownership of the state in the regulated...

Persistent link: https://www.econbiz.de/10008729094

Privatization in the United States

Shleifer, Andrei; López-de-Silanes, Florencio; Vishny, … - 1997

government employees and contracting out to private suppliers, also known as privatization. We examine empirically how U … restricting county spending encourage privatization, whereas strong public unions discourage it. This points to the important … roles played by political patronage and taxpayer resistance to government spending in the privatization decision …

Persistent link: https://www.econbiz.de/10014060134

Network Utilities in the U.S. - Sector Reforms Without Privatization

Vogelsang, Ingo - 2021

U.S. network industry reforms led other countries in the past, but have recently run into difficulties in specific areas. In particular, the U.S. telecommunications sector was hit by a deep crisis and electricity reforms suffered under the California disaster. Part of the explanation for these...

Persistent link: https://www.econbiz.de/10013319434

The design of political institutions: electoral competition and the choice of ballot access restrictions in the United States

Drometer, Marcus; Rincke, Johannes - 2008

Recent contributions to the political economics literature (Trebbi et al. 2007; Aghion et al. 2004) have challenged the view that political institutions are exogenous to the behaviour of agents in the political arena. We explicitly address the potential endogeneity of institutions by examining the...

Persistent link: https://www.econbiz.de/10010264443

The Causes of Fiscal Transparency: Evidence from the American States

Alt, James E.; Dreyer Lassen, David; Rose, Shanna - 2006

We use unique panel data on the evolution of transparent budget procedures in the American states over the past three decades to explore the political and economic determinants of fiscal transparency. Our case studies and quantitative analysis suggest that both politics and fiscal policy...

Persistent link: https://www.econbiz.de/10010320949

Identity and Public Policy : Do Female State Legislators Affect Crime in the US?

Majid, Muhammad Farhan - 2009

Current research argues that female politicians steer funding away from correction institutions toward other activities related to their policy preferences, such as health care, and that this diversion negatively affects the state spending on prisons. This paper shows that female politicians in...

Persistent link: https://www.econbiz.de/10014046898

A Mathematical Approach to the Study of the United States Code

Bommarito, Michael James; Katz, Daniel Martin - 2012

The United States Code (Code) is a document containing over 22 million words that represents a large and important source of Federal statutory law. Scholars and policy advocates often discuss the direction and magnitude of changes in various aspects of the Code. However, few have mathematically...

Persistent link: https://www.econbiz.de/10014196709

Enlightenment Economics and the Framing of the U.S. Constitution

Lerner, Renee Lettow - 2013

Some scholars have argued that the Framers of the U.S. Constitution did not have a common set of views on economics, or that the Constitution, except perhaps in isolated clauses, does not reflect any specific economic views. The principal Framers did, in fact, share a basic set of economic...

Persistent link: https://www.econbiz.de/10014160829