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Este artículo explora a través de un mismo modelo básico las características fundamentales que determinan si es socialmente preferible concesionar versus privatizar un servicio público con características monopólicas. Los principales resultados de este trabajo son que la opción de...
Persistent link: https://www.econbiz.de/10005328909
framework for competition and changes in ownership structure. The paper focuses on the following issues related to the plan … owned companies should keep separate accounts. Regarding transmission and dispatch, common ownership would not be a problem …
Persistent link: https://www.econbiz.de/10008595670
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
Persistent link: https://www.econbiz.de/10011696495
This paper first presents various simple regulatory mechanisms, in particular Vogelsang and Finsinger's iterative mechanism and Shleifer's yardstick Regulation. Unfortunately, in practical applications of these simple mechanisms the regulated utility will be able to dodge the regulator's...
Persistent link: https://www.econbiz.de/10010317685
independence; b) partial ownership of the state in the regulated firm; and c) the government’s political orientation, which may …), while ownership has no effect. Leverage also increases when the IRA is in place, especially so if the regulated firm is … ; Private and State Ownership ; Regulatory Independence ; Government’s Political Orientation …
Persistent link: https://www.econbiz.de/10008729094
This paper first presents various simple regulatory mechanisms, in particular Vogelsang and Finsinger's iterative mechanism and Shleifer's yardstick Regulation. Unfortunately, in practical applications of these simple mechanisms the regulated utility will be able to dodge the regulator's...
Persistent link: https://www.econbiz.de/10011539949
The paper studies the impact of government budget constraint in a pure adverse selection problem of monopoly regulation. The government maximizes total surplus but incurs some cost of public funds. An alternative to regulation is proposed in which firms are free to enter the market and to choose...
Persistent link: https://www.econbiz.de/10012779949
sequencing privatizing events, and determining the extent of private ownership in partial privatization. We investigate this …Selection in privatization is a decision-making process of choosing state-owned enterprises (SOEs), prioritizing and … SOEs and identify 9,359 privatization cases over time. Our econometric analysis concludes: (i) The privatization selection …
Persistent link: https://www.econbiz.de/10013024217
We assembled a large panel of project-level technical and financial data, as well as country-level economic, institutional, and political variables to assess how political competition and policy insulation feasibility determine private participation in financing infrastructure in emerging...
Persistent link: https://www.econbiz.de/10012994813