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In a framework similar to the models of expectation on economic policy, we purpose a model where the government subsidizes firms privatized by massive giveaways to the managers who are empire- builders. The government injects funds because its aim is to avoid a drastic fall of output when a...
Persistent link: https://www.econbiz.de/10005556046
A variety of proposals for creating more competition within the railroad sector and in the broader freight transport sector are under consideration in countries throughout the world. Brazil, though something of a latecomer to wider infrastructure reform, has recently taken large steps in...
Persistent link: https://www.econbiz.de/10005556074
The article provides a fresh look at employee ownership as a method of privatization and discusses theoretical and …
Persistent link: https://www.econbiz.de/10005556094
(Stochastic Frontier, Data Envelopment Analysis and Neural Network) are consistent. In fact, we see that privatization enhanced …
Persistent link: https://www.econbiz.de/10005556905
This document presents a conceptual framework and a method for deciding whether or not a function that was considered the responsibility of government should be performed by public organizations or devolved to private for-profit and non-profit organizations. This conceptual framework goes beyond...
Persistent link: https://www.econbiz.de/10005557795
This paper seeks to understand the economic impact of centralized and decentralized ownership structures and their corresponding pricing and investment strategies on transportation network performance and social welfare for travelers. In a decentralized network economic system, roads are owned...
Persistent link: https://www.econbiz.de/10005557897
Privatization of local public services has been implemented worldwide in the last decades. Why local governments … explain local privatization. Such works have found a great diversity of motivations, and the variation among reported … privatization specially in the studies of US cases published in the eighties that consider a broad range of services. Studies that …
Persistent link: https://www.econbiz.de/10005558056
low across all municipalities. Thus, it damages the likelihood of obtaining cost savings from privatization. …
Persistent link: https://www.econbiz.de/10005558072
Recent concessions in France and in the US have resulted in a dramatic difference in the valuation placed on the toll roads; the price paid by the investors in France was twelve times current cash flow whereas investors paid sixty times current cash flow for the U.S. toll roads. In this paper we...
Persistent link: https://www.econbiz.de/10005558085
This article proposes to show from an approach of the participative and local dimension, the adequacy of the Tunisian policy with the international intentions from the topic of the governance. We will show how the Tunisian State was registered in a step of good governance, by its redeployment...
Persistent link: https://www.econbiz.de/10005560251