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...