Capuano, Carlo; De Feo, Giuseppe - Center for Operations Research and Econometrics … - 2008
no work, at our best knowledge, that extends this line of research to the welfare evaluation of
privatization.7
The main …), due
to incentive problem between government and public management, in equilibrium a negative
relation may occur. In the … government
and the management is instructed by the new owners to maximize pro ts:19
g (qg;qp) = [p(qg;qp) c]qg
This change in …