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Privatization, Investment and Ownership Efficiency

Friberg, Richard; Norbäck, Pehr-Johan; Persson, Lars - 2008

We provide a model that explains the following empirical observations: i) private ownership is more efficient than public ownership, ii) privatizations are associated with increases in efficiency and iii) the increase in efficiency predates the privatization. The two key mechanisms explaining...

Persistent link: https://www.econbiz.de/10010320092

Entrepreneurship and Institutions

Henrekson, Magnus - 2007

In this paper entrepreneurs are defined as agents who bring about economic change by combining their own effort with other factors of production in search of economic rents. The institutional setup is argued to determine both the supply and direction of entrepreneurial activity. Four key...

Persistent link: https://www.econbiz.de/10010320095

Asymmetric Collusion and Merger Policy

Ganslandt, Mattias; Persson, Lars; Vasconcelos, Helder - 2007

In their merger control, EU and the US have considered symmetric size distribution (cost structure) of firms to be a factor potentially leading to collusion. We show that forbidding mergers leading to symmetric market structures can induce mergers leading to asymmetric market structures with...

Persistent link: https://www.econbiz.de/10010320098

Investment Lilberalization - Why a Restrictive Cross-Border Merger Policy can be Counterproductive

Norbäck, Pehr-Johan; Persson, Lars - 2006

Investment liberalizing countries are often concerned that cross-border mergers & acquisitions, in contrast to greenfield investments, might have an adverse effect on domestic firms and consumers. However, given that domestic assets are sufficiently scarce, we identify a preemption effect and an...

Persistent link: https://www.econbiz.de/10010320103

Organized Crime, Corruption and Punishment

Kugler, Maurice; Verdier, Thierry; Zenou, Yves - 2003

We analyze an oligopoly model in which differentiated criminal organizations globally compete on criminal activities and engage in local corruption to avoid punishment. When law enforcers are sufficiently well-paid, difficult to bribe and corruption detection highly probable, we show that...

Persistent link: https://www.econbiz.de/10010320108

The Political Economy of Entrepreneurship: An Introduction

Douhan, Robin; Henrekson, Magnus - 2007

In this introductory chapter to a collective volume dealing with the political economy of entrepreneurship,* we argue, based on a suggested unifying framework, that political economy is a fruitful approach to entrepreneurship. The importance of institutions in structuring such an analysis is...

Persistent link: https://www.econbiz.de/10010320110

Will Privatization Reduce Costs?

Lindqvist, Erik - 2008

, private owners have stronger incentives to cut costs than public employees. However, if quality cannot be perfectly measured …, providing a private firm with incentives to improve quality forces the owner of the firm to bear risk. As a result, private … firms undertake them if incentives are strong enough. …

Persistent link: https://www.econbiz.de/10010320112

Private Observation, Tacit Collusion and Collusion with Communication

Mouraviev, Igor - 2006

The paper studies the role of communication in facilitating collusion. The situation of infinitely repeated Cournot competition in the presence of antitrust enforcement is considered. Firms observe only their own production levels and a common market price. The price is assumed to have a...

Persistent link: https://www.econbiz.de/10010320117

Punctuality - A Cultural Trait as Equilibrium

Basu, Kaushik; Weibull, Jörgen W. - 2002

A people's culture, norms and habits are important determinants not just of the quality of social life but of economic progress and growth. In this paper we take the view that while the importance of culture is undeniable, the innateness of culture is not. We work here with a single example and...

Persistent link: https://www.econbiz.de/10010320121

Social Norms and Welfare State Dynamics

Lindbeck, Assar; Nyberg, Sten; Weibull, Jörgen W. - 2002

The paper analyses the interaction between economic incentives and work norms in the context of social insurance. If …

Persistent link: https://www.econbiz.de/10010320134