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Privatisation around the world : new evidence from panel data

Bortolotti, Bernardo; Fantini, Marcella; Siniscalco, … - 2001

This paper presents new evidence about privatisation processes and their determinants from a panel of 34 countries over … the 1977-99 period. The empirical analysis shows that privatisation takes place typically in wealthy and democratic … budget constraints. But the extent of privatisation in terms of revenues and stakes sold appears more limited in civil law …

Persistent link: https://www.econbiz.de/10011400889

Privatisation and public ownership in Finland

Willner, Johan - 2003

Finland s state-enterprise sector has been larger than in most countries and included several manufacturing companies. These were usually established because of a scarcity of private venture capital, with a mission to contribute to industrialisation. Some companies have now been privatised in a...

Persistent link: https://www.econbiz.de/10011509381

A fair price for energy? : ownership versus market opening in the EU15

Fiorio, Carlo V.; Florio, Massimo - 2010

In the past two decades privatisation and liberalisation of network industries providing services of general economic … privatisation and other reforms on consumer prices using both subjective data on consumers' perception of utility prices and data on … average prices paid. -- privatisation ; electricity ; gas ; reforms …

Persistent link: https://www.econbiz.de/10003985907

The big sell : privatizing East Germany's economy

Mergele, Lukas; Hennicke, Moritz; Lubczyk, Moritz - 2020

The end of communism in the 1990s probably is the most fundamental restructuring of institutions witnessed in recent history. At its core was the large-scale redistribution of previously state-owned companies. We construct a unique firm-level dataset to study this redistribution in East Germany...

Persistent link: https://www.econbiz.de/10012287328

State or private security supply? : an analysis from the institutional economics perspective

Bretschneider, Wolfgang; Freytag, Andreas; Rieckmann, … - 2022

The issue of internal security has become increasingly complex over the past decades. As there is an increasing overlap between private and public provision of security, the question of how to allocate responsibility for security between the public sphere (state) and the private sphere has...

Persistent link: https://www.econbiz.de/10013285829

Macroeconomic effects of social security privatization in a small unionized economy

Adam, Antonis (contributor) - 2004

This paper analyses the effects of a pension system privatization in a unionized economy. Using an overlapping-generations framework we show that in an environment characterized by unemployment, a reform towards a private pension system in the steady state may result in lower levels of...

Persistent link: https://www.econbiz.de/10002523187

Beyond the dogma of the fixed book price agreement

Ploeg, Frederick van der - 2003

After describing the essential features of the book market, a welfare analysis of the fixed book price agreement is given. Allowance is made for the opportunity cost of reading. Theoretically, the agreement pushes up book prices and depresses book sales. However, more titles will be published,...

Persistent link: https://www.econbiz.de/10011507914

A matter of taste : the negative welfare effect of expert judgments

Lagios, Nicolas; Méon, Pierre-Guillaume - 2024

We study how experts influence consumer behavior and welfare by focusing on the Booker Prize. Leveraging the discontinuity created by the attribution of the prize, we show that readers receive the signal sent by the jury of the Booker and are persuaded to buy the awarded book but experience...

Persistent link: https://www.econbiz.de/10015051678

Nonparametric welfare analysis for discrete choice : levels and differences of individual and social welfare

Capéau, Bart; De Sadeleer, Liebrecht; Maes, Sebastiaan; … - 2021

Empirical welfare analyses often impose stringent parametric assumptions on individuals' preferences and neglect unobserved preference heterogeneity. In this paper, we develop a framework to conduct individual and social welfare analysis for discrete choice that does not suffer from these...

Persistent link: https://www.econbiz.de/10012513281

Effort and performance in public-policy contests

Epstein, Gil S.; Nitsan, Shemuʾel - 2002

Government intervention often gives rise to contests in which the possible prizes are determined by the existing status-quo and some new public- policy proposal . In this paper we study the general class of such two-player public-policy contests and examine the effect of a change in the proposed...

Persistent link: https://www.econbiz.de/10011408720