Showing 1 - 10 of 67
Efforts to raise the productivity of the U.S. health care system have proceeded slowly. One potential explanation is the fragmentation of payment across insurers. Each insurer's efforts to improve care could influence how doctors practice medicine for other insurers, leading to unvalued...
Persistent link: https://www.econbiz.de/10012481852
We use administrative registration records with information on the owners of all Chinese firms to document the importance of "connected" investors, defined as state-owned firms or private owners with equity ties with state-owned firms, in the businesses of private owners. We document a hierarchy...
Persistent link: https://www.econbiz.de/10012482389
contrast to the "privatization premium" found in earlier work, we find a negative effect of government ownership on returns at … that personal ties can substitute for the benefits of government ownership. The "privatization discount" is higher for … relatively high welfare payments to employees, which presumably would fall with privatization, benefit disproportionately from …
Persistent link: https://www.econbiz.de/10012464873
We examine the effect of regime change on privatization using the 2004 election surprise in India. The pro-reform BJP … slated for definite privatization by the BJP dropped by 3.5 percent relative to private firms. Surprisingly, government …-controlled companies that were only under study for possible privatization fell by 7.5 percent relative to private firms. We interpret this …
Persistent link: https://www.econbiz.de/10012465222
Local governments can provide services with their own employees or by contracting with private or public sector providers. We develop a model of this "make-or-buy" choice that highlights the trade-off between productive efficiency and the costs of contract administration. We construct a dataset...
Persistent link: https://www.econbiz.de/10012465302
feudal elite; withdrew its hand with a propitious mass privatization that rallied the private sector; marginalized an …
Persistent link: https://www.econbiz.de/10012465482
We study how transition has affected human resource policies of a Russian heavy industry firm. Our data set contains personnel files of 1538 white-collar workers over 17 years: from 1984 to 2000. We find career paths before the first year of Gaidar's reforms, 1992, when Russian transition to a...
Persistent link: https://www.econbiz.de/10012465657
This paper examines the question whether adjudication can be viewed as a private good, i.e., one whose optimal level will be generated in a free market. Part I focuses on private courts, noting their limitations as institutions for dispute resolution and rule creation but also stressing the...
Persistent link: https://www.econbiz.de/10012478886
there are clear improvements in performance post-privatization. The tiger can change its stripes; however, the government …
Persistent link: https://www.econbiz.de/10012479431
This paper provides causal evidence of the effect of private prisons on criminal sentencing. Our identification strategy uses state-level changes in private-prison capacity and compares changes in sentencing across trial court pairs that straddle state borders. We find that a doubling of private...
Persistent link: https://www.econbiz.de/10012479666