Showing 1 - 10 of 456
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
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 explores the use of auctions for privatizing public assets. In our model, a single ‘insider’ bidder (e.g. incumbent management of a government-owned firm) possesses information about the asset’s risky value. In addition, bidders are privately informed about their costs of...
Persistent link: https://www.econbiz.de/10005497839
privatization, but most respondents prefer to leave firms in private hands. We examine who wants to revise privatization and why …. Respondents with poor human capital and few assets support revising privatization due to a preference for state over private … property. Economic hardships during transition increase support for revising privatization due to the perceived unfairness of …
Persistent link: https://www.econbiz.de/10005497879
The paper presents a theoretical analysis of the relationship between privatization and public deficit finance. We … examine the optimal magnitude of public asset sales and the extent to which privatization can be used to reduce taxes, or, to … retire public debt, for two cases. In the first, standard case, privatization proceeds are used directly to finance the …
Persistent link: https://www.econbiz.de/10005497891
. However, privatization may increase quality by fostering performance-improving innovation, particularly if combined with … difference-in-difference-in-difference approach. The results indicate that privatization and the associated increase in …
Persistent link: https://www.econbiz.de/10011084097
The paper studies the impact of government budget constraint in a pure adverse selection problem of monopoly regulation. The government maximizes total surplus but incurs some cost of public funds à la Laffont and Tirole (1993). An alternative to regulation is proposed in which firms are free...
Persistent link: https://www.econbiz.de/10005067470
is privatized. In the short run, privatization is harmful because all prices rise; the disciplinary role of the public … firm is lost. In the long run, privatization leads to further entry; the net effect is beneficial if consumer preference …
Persistent link: https://www.econbiz.de/10005656242
-term increase in volume. Incentives have been surprisingly effective in meeting stated privatization objectives. A dollar spent on … retail incentives helps to attract about 21 times as many investors as a dollar spent on underpricing. Individual …
Persistent link: https://www.econbiz.de/10005656346