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Privatization, Efficiency and Economic Growth

Gylfason, Thorvaldur - C.E.P.R. Discussion Papers - 1998

Privatization is shown to increase national economic output in a two-sector full-employment general-equilibrium model … by enhancing efficiency as if a relative price distortion were being removed through price reform, trade liberalization …, or stabilization. The static output gain from reallocation and reorganization through privatization is captured in a …

Persistent link: https://www.econbiz.de/10005504670

Assessing the impact of Mali’s water privatization across stakeholders

Estache, Antonio; Grifell-Tatjé, Emili - C.E.P.R. Discussion Papers - 2011

This paper offers a unique quantitative evaluation of the distribution of the welfare of a water privatization … indicator duality and production theory. The paper shows that users benefited through lower real water prices -although users in … intermediate suppliers and investors have also clearly benefited during the short privatization duration. However the paper also …

Persistent link: https://www.econbiz.de/10009399719

Should Egalitarians Expropriate Philanthropists?

Dasgupta, Indraneel; Kanbur, Ravi - C.E.P.R. Discussion Papers - 2007

Wealthy individuals often voluntarily provide public goods that the poor also consume. Such philanthropy is perceived as legitimizing one’s wealth. Governments routinely exempt the rich from taxation on grounds of their charitable expenditure. We examine the normative logic of this exemption....

Persistent link: https://www.econbiz.de/10005504401

Public goods, participation constraints, and democracy: A possibility theorem

Grüner, Hans Peter - C.E.P.R. Discussion Papers - 2008

It is well known that ex post efficient mechanisms for the provision of indivisible public goods are not interim individually rational. However, the corresponding literature assumes that agents who veto a mechanism can enforce a situation in which the public good is never provided. This paper...

Persistent link: https://www.econbiz.de/10005504573

Public Goods in Trade: On the Formation of Markets and Political Jurisdictions

Casella, Alessandra; Feinstein, Jonathan - C.E.P.R. Discussion Papers - 1991

The current debate in Western Europe centres on the relationship between economic and political integration. To address this problem, we construct a simple general equilibrium model in which the returns to trading are directly affected by the availability of a public good. In our model...

Persistent link: https://www.econbiz.de/10005504585

Information Disclosure and the Economics of Science and Technology

Dasgupta, Partha; David, Paul - C.E.P.R. Discussion Papers - 1985

This paper takes an information-theoretic approach to the economics of science, extending Arrow's pioneering (1962) analysis of the allocation of resources for industrial research and invention. It addresses the questions: is there a valid economic distinction between scientific and...

Persistent link: https://www.econbiz.de/10005504645

A Theory of Fairness, Competition and Cooperation

Fehr, Ernst; Schmidt, Klaus M. - C.E.P.R. Discussion Papers - 1998

There is strong evidence that people exploit their bargaining power in competitive markets but not in bilateral bargaining situations. There is also strong evidence that people exploit free-riding opportunities in voluntary cooperation games. Yet, when they are given the opportunity to punish...

Persistent link: https://www.econbiz.de/10005504682

Garbled Elections

Schmitz, Patrick W; Tröger, Thomas - C.E.P.R. Discussion Papers - 2006

Majority rules are frequently used to decide whether or not a public good should be provided, but will typically fail to achieve an efficient provision. We provide a worst-case analysis of the majority rule with an optimally chosen majority threshold, assuming that voters have independent...

Persistent link: https://www.econbiz.de/10005497826

The Limits of Career Concerns in Federalism: Evidence from China

Persson, Petra; Zhuravskaya, Ekaterina - C.E.P.R. Discussion Papers - 2015

Performance-based promotion schemes in administrative hierarchies have limitations. Chinese provincial leaders, despite facing strong career concerns, make different policy decisions depending on their career backgrounds. Provincial party secretaries who rose from low to high positions within...

Persistent link: https://www.econbiz.de/10011165652

Rotten Parents and Disciplined Children: A Politico-Economic Theory of Public Expenditure and Debt

Song, Zheng Michael; Storesletten, Kjetil; Zilibotti, … - C.E.P.R. Discussion Papers - 2012

This paper proposes a dynamic politico-economic theory of fiscal policy in a world comprising a set of small open …

Persistent link: https://www.econbiz.de/10011083405