Rational individuals may use a Public Service TV channel as a welfare improving institution to solve the paradox of being uninformed. To induce voters to watch unbiased serious informational content the Public Service TV channel is not only broadcasting (unbiased serious) news but also sport and...

Viewer's private information consumption generates external benefits for society, because information improves the ability of voters to control politicians. Our study compares two settings in a free-to-air TV market: a differentiated duopoly of private channels and an oligopoly with both private...

This study examines the processes undertaken by a state-owned enterprise to overcome limitations and successfully reverse its decline through moderate, gradual and small-scale evolutionary change. This paper utilizes the "social process research model" to analyze and record organizational...

In this paper, we propose a probabilistic voter model that rationalizes the ineff cient use of labor input in municipality-owned enterprises. Our focus is on the relationship between absolute as well as relative ineff ciency measures and the size of the municipality in which public rms operate....

The paper investigates empirically how costs per inhabitant depend on population density, considering public water and sewerage industry as example. Diverging from prior work, spatial differences in distribution costs within a German municipality are calculated for both industries by using...

The study assesses the key challenges and opportunities for securitization of public assets as a way to foster investment in the infrastructure sector in Brazil and to improve the domestic capital market. The securitization of public assets offers advantages for public financing of...

Recent research has highlighted social image and identity concerns as factors that influence economic decisions. Given that an individual’s choice of employment may be important for their social image, we consider a model of worker sorting into the mission-oriented or private sector with...

In 2015, the share of women in the top decision-making bodies of the financial sector increased once again but men remain in the overwhelming majority and thus continue to call the shots. At the end of 2015, women made up just under eight percent of executive board members of the 100 largest...

Germany's large corporations still have a long way to go before achieving balanced representation of men and women on their boards. At the end of 2015, the share of women on the executive boards of the top 200 companies in Germany was a good six percent, an increase of less than one percentage...