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A primer on the welfare effects of regulatory reforms in network industries

CERIANI, Lidia; FLORIO, Massimo - Dipartimento di Economia, Management e Metodi … - 2008

Starting from an industry where production is provided by a public monopolist, we look at the effects on the consumers' surplus of a sequence of reforms in network industry. Using a simple comparative statics framework, we find indifference conditions in consumers' surplus between respectively...

Persistent link: https://www.econbiz.de/10005007412

Privatization and Efficiency in a Differentiated Industry

ANDERSON, Simon; de PALMA, André; THISSE, Jacques-François - Center for Operations Research and Econometrics (CORE), … - 1996

privatized. In the short run, privatization is harmful because prices rise: the disciplinary role of the public firm is lost. In … the long run, privatization leads to further entry; the net effect is beneficial if consumer preference for variety is not …

Persistent link: https://www.econbiz.de/10005008542

Mixed duopoly, privatization and the shadow cost of public funds

CAPUANO, Carlo; DE FEO, Giuseppe - Center for Operations Research and Econometrics (CORE), … - 2008

The purpose of this paper is to investigate the effect of privatization in a mixed duopoly, where a private firm …). Furthermore, we analyze the effect of privatization on the timing of competition by endogenizing the determination of simultaneous … especially relevant for the analysis of privatization, given that results and policy prescription emerged in the literature …

Persistent link: https://www.econbiz.de/10005008686

Privatizacion y ofertas publicas de venta en Espana: costes indirectos y directos de la privatizacion

Queralt, Germa Manel Bel - Facultat d'Economia i Empresa, Universitat de Barcelona - 1997

This research is developed within the general framework of the study on privatization costs. Analysing the costs … basis of our results, we can evaluate the financial efficiency of the privatization through PO's in Spain, and suggest …

Persistent link: https://www.econbiz.de/10005176416

Privatization of Mexico's public enterprises and the restructuring of the private sector

Hoshino, Taeko - In: The Developing Economies 34 (1996) 1, pp. 34-60

Persistent link: https://www.econbiz.de/10005534169

Privatization of Credence Goods: Theory and an Application to Residential Youth Care

Lindqvist, Erik - Institutet för Näringslivsforskning (IFN) - 2008

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

Will Privatization Reduce Costs?

Lindqvist, Erik - Economics Institute for Research (SIR), … - 2007

I develop a model of public sector contracting based on the multitask framework by Holmström and Milgrom (1991). In this model, an agent can put effort into increasing the quality of a service or reducing costs. Being residual claimants, private owners have stronger incentives to cut costs than...

Persistent link: https://www.econbiz.de/10005423776

The Fiscal Consequences of Privatisation: Australian Evidence.

Harris, M.; Lye, J. - Department of Economics, Faculty of Business and Economics - 1998

Privatisation has become a common governement policy in many countries. This paper summarizes the salient features of privatisations by public share float in Australia during the period 1989 to 1997. The costs associated with these privatisations is examined, including both direct costs and the...

Persistent link: https://www.econbiz.de/10005574825

Corporate Governance of Public Enterprises in Transitional Economies.

Pannier, D. - World Bank Group - 1996

Privatization has been the basic direction of reform in transitional economies. In implementing this process, however …

Persistent link: https://www.econbiz.de/10005639114

Ownership and Production Costs - Choosing Between Public Production and Contracting Out

Ohlsson, Henry - Nationalekonomiska Institutionen, Uppsala Universitet - 1998

Many comparisons of the performance of public and private producers use a public/private ownership dummy variable to capture cost differences in cross section data. This is appropriate if the producer choice is random. The dummy variable model is, however, logically inconsistent if the producer...

Persistent link: https://www.econbiz.de/10005642485