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The issue of internal security has become increasingly complex over the past decades. As there is an increasing overlap between private and public provision of security, the question of how to allocate responsibility for security between the public sphere (state) and the private sphere has...
Persistent link: https://www.econbiz.de/10013285829
Recent evidences indicate that privatization leads to enormous benefits to society almost without undesirable costs …. However, stakeholders of privatization seem not to satisfy the resulting performance of privatized firms. Using data from 202 … companies up to 10 years and study costs and benefits of privatization. Privatization is followed by a 1.1-percentage …
Persistent link: https://www.econbiz.de/10013146701
infrastructure such as the electricity and gas grids in public ownership while selling state companies in areas such as food, banking …
Persistent link: https://www.econbiz.de/10013319310
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
Successful network utility privatisation requires incentive-based regulation that allows investment to be adequately rewarded from unsubsidised revenues while maintaining quality, and restructuring that permits effective competition for the network services. The potential for success and the...
Persistent link: https://www.econbiz.de/10013319459
changes in privatised companies in the UK. It looks at the relative roles of competition, regulation and ownership changes in …
Persistent link: https://www.econbiz.de/10013319484
We assembled a large panel of project-level technical and financial data and country-level economic, institutional, political, and governance variables to assess the determinants of private financing of infrastructure in emerging markets and developing economies. Controlling for economic...
Persistent link: https://www.econbiz.de/10012454088
. Therefore, this paper empirically assesses the effects of regulation, privatization and liberalization reforms, as well as their … privatization of the main incumbent operator and the fixed-line market's liberalization affect the sector's performance negatively … and a privatized incumbent helps to eliminate the drawbacks on the sector performance resulting from privatization …
Persistent link: https://www.econbiz.de/10011274575
Much has been written about the current trend toward privatization of public enterprises. Selling Public Enterprises is …
Persistent link: https://www.econbiz.de/10005233388
In this paper, we discuss the choice for build-operate-and-transfer (BOT) concessions when governments and …rm managers do not share the same information regarding the operation characteristics of a facility. We show that larger shadow costs of public funds and larger information asymmetries...
Persistent link: https://www.econbiz.de/10009369361