Narrow search
Showing 1 - 10 of 69,998
Cover Image
The Political Economy of Privatization
Bortolotti, Bernardo; Pinotti, Paolo - 2003
This paper provides an empirical analysis of the role of political institutions in privatization. The empirical testing … we show the likelihood and the extent of privatization to be strongly and positively associated with majoritarian … political systems. On the contrary, in consensual democracies privatization seems delayed by a "war of attrition" among …
Persistent link: https://www.econbiz.de/10011325081
Cover Image
The political economy of privatization
Bortolotti, Bernardo; Pinotti, Paolo - 2003
This paper provides an empirical analysis of the role of political institutions in privatization. The empirical testing … we show the likelihood and the extent of privatization to be strongly and positively associated with majoritarian … political systems. On the contrary, in consensual democracies privatization seems delayed by a war of attrition among different …
Persistent link: https://www.econbiz.de/10011591656
Cover Image
The Political Economy of Privatization
Bortolotti, Bernardo; Pinotti, Paolo - Fondazione ENI Enrico Mattei (FEEM) - 2003
This paper provides an empirical analysis of the role of political institutions in privatization. The empirical testing … we show the likelihood and the extent of privatization to be strongly and positively associated with majoritarian … political systems. On the contrary, in consensual democracies privatization seems delayed by a “war of attrition” among …
Persistent link: https://www.econbiz.de/10005385457
Cover Image
Delayed Privatization
Pinotti, Paolo; Bortolotti, Bernardo - 2008
This paper studies the timing of privatization in 21 major developed economies in the 1977-2002 period. Duration …: privatization is delayed longer in democracies characterized by a larger number of parties and operating under proportional …
Persistent link: https://www.econbiz.de/10014217110
Cover Image
Privatization and the Law and Economics of Political Advocacy
Volokh, Alexander - 2014
A common argument against privatization is that private providers will self-interestedly lobby to increase the size of … their market. In this Article, I evaluate this argument, using, as a case study, the argument against prison privatization … conclude that there is at present no particular reason to credit this argument. Even without privatization, actors in the …
Persistent link: https://www.econbiz.de/10014054697
Cover Image
Privatisation around the world : new evidence from panel data
Bortolotti, Bernardo; Fantini, Marcella; Siniscalco, … - 2001
This paper presents new evidence about privatisation processes and their determinants from a panel of 34 countries over the 1977-99 period. The empirical analysis shows that privatisation takes place typically in wealthy and democratic countries, endowed with deep and liquid stock markets, and...
Persistent link: https://www.econbiz.de/10011400889
Cover Image
Private politics and public regulation
Egorov, Georgij V.; Harstad, Bård - 2015
Private politics are often introduced by market participants in the absence of public regulation. But when is private politics enough, efficient, or better than administratively costly public regulation? We present a novel framework in which we can study the interaction between regulation,...
Persistent link: https://www.econbiz.de/10010487511
Cover Image
Late Budgets
Andersen, Asger L.; Dreyer Lassen, David; Holbøll … - 2010
The budget forms the legal basis of government spending. If a budget is not in place at the beginning of the fiscal year, planning as well as current spending are jeopardized and government shutdown may result. This paper develops a continuous-time war-of-attrition model of budgeting in a...
Persistent link: https://www.econbiz.de/10010320968
Cover Image
Late Budgets
Andersen, Asger L.; Lassen, David Dreyer; Nielsen, … - Economic Policy Research Unit (EPRU), Økonomisk Institut - 2010
The budget forms the legal basis of government spending. If a budget is not in place at the beginning of the fiscal year, planning as well as current spending are jeopardized and government shutdown may result. This paper develops a continuous-time war-of-attrition model of budgeting in a...
Persistent link: https://www.econbiz.de/10008565835
Cover Image
The Financial Crisis and Varieties of Pension Privatization Reversals in Eastern Europe
Naczyk, Marek - 2015
public provision. What explains this wave of reversals in pension privatization, but also variation in its outcomes …? Proponents of pension privatization had argued that it would boost domestic capital markets and economic growth. By revealing how … pension privatization helped increase sovereign debt and how large a part of pension funds' assets was invested in government …
Persistent link: https://www.econbiz.de/10013030410