The shadow wage is the social opportunity cost of labor. After reviewing earlier theoretical and empirical literature, we define four labor market conditions: fairly socially efficient (FSE), quasi-Keynesian unemployment (QKU), urban labor dualism (ULD) and rural labor dualism (RLD). We offer,...

Using firm-level balance-sheet data comparable across EU countries, we consider firms active in generation, distribution and transmission of electricity and their ownership structure to empirically investigate the interaction of public versus private ownership and the quality of institutions as...

Using firm-level balance-sheet data comparable across EU countries, we consider firms active in generation, distribution and transmission of electricity and their ownership structure to empirically investigate the interaction of public versus private ownership and the quality of institutions as...

After reviewing the theory of social cost-benefit analysis, the paper uses it to illustrate necessary and sufficient conditions for public provision. (A)Under symmetric information and benevolent government, public provision is socially beneficial when there is a well defined public production...

This paper studies the role of industrial clusters in stimulating regional innovation and economic cohesion in Europe. Starting from an overview of industrial clusters in the EU, in which we highlight the strengths and weaknesses of agglomerations of firms, we empirically investigate how cluster...

Public enterprises are production units of goods or services under government control. In spite of wide privatizations in the last two decades, public provision in this form can be observed in many countries and sectors, particularly in education, health, transport, energy and environment. This...

This paper deals with the effects of the transfer of additional funds on the real economy of recipient countries, in particular the European Member States. The intended and unintended effects of additional funds on national public finances and, ultimately, economic performance are discussed....

Traditionally, the electricity market has been characterized by vertically integrated monopolies due to the special features of this commodity, such as non-storability in the longer term, the physical laws requiring instant equation of supply and demand and the need for a complex and integrated...

The aim of this paper is to examine the effects of work-life balance on job stress and individual performance. To achieve this aim we conducted a survey on postgraduate and doctoral students at a University located Ankara, Turkey. The universe of this paper is 1000 postgraduate and doctoral...

This paper analyzes deals involving private and State-owned enterprises (SOEs) worldwide since 2004. We consider four types of deals: privatizations, publicizations, private reorganizations (i.e private firms acquiring a private target) and public reorganizations. (i.e. both acquirers and...