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The economic impact of privatisation is hard to assess. This paper extends the analysis of Florio (2004) in four directions. It argues that a welfare assessment of privatisation must include an evaluation of the performance of public enterprises in light of their originally broad set of...
Persistent link: https://www.econbiz.de/10005007183
In this paper we offer and discuss new evidence on the performance of British Telecom before and after privatisation. We use a unique dataset based on company accounts over forty years (1960-1999), and original additional company data on several variables. We focus particularly on output,...
Persistent link: https://www.econbiz.de/10014089737
This article seeks to identify the reasons behind the privatization programmes undertaken by governments of the … European Union (EU), particularly, the EU 15. The privatization of public enterprises was one of the most important economic … bibliography on the topic. Despite this, there remains a lack of consensus on the reasons why governments implemented privatization …
Persistent link: https://www.econbiz.de/10013143121
subject of this study is the analysis of network industries with particular emphasis on privatization in this field in general … is threefold. The chapter on privatization is based on a theoretical model, followed by a chapter on the institutional …
Persistent link: https://www.econbiz.de/10011747619
The for-profit hospital is in the minority numerically in all developed countries. Although the for-profits' market share has been quite stable for decades, for-profit chains have grown in share and influence in the United States. By contrast, for-profit chains have made few inroads in other...
Persistent link: https://www.econbiz.de/10014024184
A wide range of services provided by the public sector are credence goods, i.e., services for which the producer has private information whether a certain treatment is needed or not. This paper studies how ownership affects the incentives for producers to reveal such information to public...
Persistent link: https://www.econbiz.de/10005419540
Russia’s Government has adopted no other privatization programs over the last two years, as it did in the 2000s, since … the Forecast Plan (Program) for the Federal Property and the Guidelines of Federal Property Privatization for 2011 …
Persistent link: https://www.econbiz.de/10010693876
The privatisation wave that spread all over the world in the 1980s at last reached the shores of Russia in the 1990s and near the bastions of the administrative system it came to rest in a rather indecisive way. If in the 1980s the issue of privatisation was of real interest only for a narrow...
Persistent link: https://www.econbiz.de/10010739661
Public enterprises never disappeared in spite of several privatization waves in the last three decades. This paper … and acquisitions confirms that in the last ten years there has been an increase of publicization relative to privatization …
Persistent link: https://www.econbiz.de/10010739818
form of ownership, and the corresponding estimation of privatization in the context of the advantages and disadvantages of … the public and private sectors of the national economy. Various interpretations of the fundamental privatization theorem … trends in Russia’s de-statization policy in 2010-2013 are analyzed in the context of ‘reluctant privatization’, with special …
Persistent link: https://www.econbiz.de/10010744653