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Learning by Bidding: Evidence from a Large-Scale Natural Experiment

Hanousek, Jan; Kocenda, Evzen - Center for Economic Research and Graduate Education and … - 2005

Learning is a subject of intense research in experimental economics. We contribute to this debate by presenting persuasive evidence that learning took place among uninformed heterogeneous agents on a quasi-stock market during a large-scale natural experiment that by size, incentives, and...

Persistent link: https://www.econbiz.de/10005146552

Building a Castle on Sand: Effects of Mass Privatization on Capital Market Creation in Transition Economies

Fungacova, Zuzana - Center for Economic Research and Graduate Education and … - 2005

In this paper we study the relationship between mass privatization and capital market development in the transition … results confirm the hypothesis that mass privatization exerted a negative influence on capital market functioning in the short … and medium term. Results further indicate that in countries with mass privatization, the capital market was established …

Persistent link: https://www.econbiz.de/10005146559

Voter support for privatizing education : evidence on self-interest and ideology

Merzyn, Wolfram; Ursprung, Heinrich - Fachbereich Wirtschaftswissenschaften, Universität Konstanz - 2003

Economic theory advances various arguments in favor of and against privatizing education. In this paper we investigate the extent to which these arguments influence voters’ opinions. We analyze two popular referenda in which some 400,000 voters in two Swiss cantons expressed their opinions on...

Persistent link: https://www.econbiz.de/10005146722

Private Property Rights to Wildlife: The Southern African Experiment.

Muir-Leresche, Kay; Nelson, Robert H. - International Centre for Economic Research (ICER) - 2000

of the land on which the wildlife are located. Following the privatization of wildlife management in southern African … the creation in 1967 of a regime of private wildlife ownership. Privatization of control over use of wildlife has had more … be able to benefit from the lessons learned from the successes of southern African nations in privatization and …

Persistent link: https://www.econbiz.de/10005148417

Privatization, Entry Regulation and the Decline of Labor's Share of GDP: A Cross-Country Analysis of the Network Industries

Azmat, Ghazala; Manning, Alan; Reenen, John Van - Centre for Economic Performance, LSE - 2007

-experiment in the OECD: the privatization of many network industries (e.g. telecommunications and utilities). We present a model … labor share, employment and wages respond to privatization and other regulatory changes. We exploit cross-country panel data … on several network industries and find that privatization can account for a significant proportion of the fall of labor …

Persistent link: https://www.econbiz.de/10005151023

Railway transport services in the age of globalization

Nauru, Shinji; Toma, Sorin George - In: The AMFITEATRU ECONOMIC journal 9 (2007) 22, pp. 121-128

shows that railways privatization can be a successful story. …

Persistent link: https://www.econbiz.de/10005151180

Does Privatization Hurt Workers? Lessons from Comprehensive Manufacturing Firm Panel Data in Hungary, Romania, Russia, and Ukraine

Brown, J. David; Earle, John; Telegdy, Almos - Centre for Economic Reform and Transformation, School … - 2005

We analyze the effects of privatization on firm-level wages and employment in four transition economies. Contrary to … workers' fears, our fixed effect and random trend estimates imply little effect of domestic privatization, except for a slight … countries. The negligible employment impact of domestic privatization results from effects on efficiency and scale that are …

Persistent link: https://www.econbiz.de/10005157524

Romania; Fourth Review Under the Stand-By Arrangement and Request for Waiver of Performance Criteriaâ€”Staff Report; Staff Statement; Press Release on the Executive Board Discussio...

International Monetary Fund (IMF); International … - 2003

energy sector, and encouraged the authorities to make every effort to complete the privatization of the energy sector. … a widening of the current account deficit. IMF staff noted the delay in preparing the privatization strategy for the …

Persistent link: https://www.econbiz.de/10005252787

Fiscal Adjustment in Eu Countries; A Balance Sheet Approach

Moriyama, Kenji; Milesi-Ferretti, Gian-Maria - International Monetary Fund (IMF) - 2004

Several European Union countries have recently implemented or are envisaging fiscal that operations improve budgetary figures but have no structural impact on government finances. This paper evaluates some of these measures using a balance sheet approach. In particular, it examines the degree to...

Persistent link: https://www.econbiz.de/10005253008

Ten years on (some lessons from the transition)

Tošovský, Josef - In: Prague Economic Papers 2001 (2001) 1

The article offers essential reflections on ten years of experience with the transformation of the former centrally planned economies into free market economies. Although there were large differences among individual transition countries, all of them faced similar challenges early in the 1990s....

Persistent link: https://www.econbiz.de/10005256874