Showing 1 - 10 of 72
varies across regions. We study the effects of privatization, the importance of different types of owners, the effects of …
Persistent link: https://www.econbiz.de/10005504282
Using panel data of 19 developed economies in the period 1985-2000, we show that share issue privatization (SIP …
Persistent link: https://www.econbiz.de/10005504346
Using a new data set of the telecommunications sector on privatization (1981-98 for 167 countries) and competition … policies (1990-98 for roughly 50 countries), this Paper investigates the political economy determinants of privatization and …
Persistent link: https://www.econbiz.de/10005504478
This paper examines the role of liability for past environmental contamination in the privatization processes of … hypotheses regarding a privatization agency’s responses to the investor’s knowledge of cleanup costs. The empirical section of …
Persistent link: https://www.econbiz.de/10005504606
Privatization is shown to increase national economic output in a two-sector full-employment general-equilibrium model …, or stabilization. The static output gain from reallocation and reorganization through privatization is captured in a …. Substitution of plausible parameter values into the formula indicates that, in practice, the static output gain from privatization …
Persistent link: https://www.econbiz.de/10005504670
The British Government plans to privatise the British Gas Corporation in the autumn of 1986. The paper attempts to predict the possible consequences for the European gas market of privatisation, and their consequent implications for the United Kingdom. Much will depend on whether the Government...
Persistent link: https://www.econbiz.de/10005504766
We present evidence of major adjustment efforts in the State sector in Poland well before privatization. Extensive …
Persistent link: https://www.econbiz.de/10005497734
The government wants a certain good or service to be provided. Should the required assets be publicly or privately owned or should a partnership be formed? Building on the incomplete contracting approach, we argue that the initially specified quantity of an ex ante describable basic good can...
Persistent link: https://www.econbiz.de/10005497777
This paper proposes a model to shed light on two important policy features of privatization in Central and Eastern … Europe: the idea of a necessary critical mass of privatization on the one hand, and the difficulties encountered in the … actual privatization process on the other, related to the government's inability to precommit to announced policies. The main …
Persistent link: https://www.econbiz.de/10005497782
This paper studies alternative methods of privatizing a formerly communist firm in the presence of imperfect risk markets. The methods include cash sales, a give-away scheme, and a participation contract where the government retains a sleeping fractional ownership in the firm. It is shown that...
Persistent link: https://www.econbiz.de/10005497803