This study investigates whether the introduction of an entrance fee affects visitor composition at a state funded museum in Sweden. While entrance to the museum was still free, we conducted a survey to collect information about visitor characteristics and used the Contingent Valuation (CV)...

Adam Smith on language. Like most 18th century scholars, Adam Smith was not restricted to one field. One of his interests, besides economics, was language, which may partly be a consequence of his Scottish origin and the low standing of the Scottish dialect. Smith's Lectures on Rhetoric and...

This paper empirically analyzes the political and economic objectives underlying privatization on the stock market. Particularly, I explain the factors of SIPs underpricing, and analyze if the change of political parties in government play a role on the issue. The paper has two main findings....

Italys first Fascist government applied a large-scale privatization policy between 1922 and 1925. The government privatized the state monopoly of match sale, eliminated the State monopoly on life insurances, sold most of the State-owned telephone networks and services to private firms,...

The Great Depression spurred State ownership in Western capitalist countries. Germany was no exception; the last governments of the Weimar Republic took over firms in diverse sectors. Later, the Nazi regime transferred public ownership and public services to the private sector. In doing so, they...

This research is developed within the general framework of the study on privatization costs. Analysing the costs involved in Public Offerings (PO) of the Spanish state-owned companies allows us to set up the privatizacion financial costs in Spain. Particularly, we are able to chek out the...

The starting point of this paper is a mixed oligopoly market consisting of n privately owned profit maximizing firms and 1 state-owned welfare maximizing firm. Motivated by the trend of mergers and acquisitions in the liberalized electricity markets, and by the debate about public or private...

Recent availability of electronically accessible database of journal articles makes studies of the diffusion of papers through citations possible. Citation peaks have been found to be typically five to seven years, with a long tailing off. A seminal paper on theoretical and applied efficiency...

Cross country regressions on aid effectiveness have failed to provide substantial evidence on the effects of foreign aid. This study focuses on country performance in a production theory context. By means of the non-parametric DEA method, we study 60 individual low and middle income countries...

Many are interested in China’s energy situation, however, numerous energy related issues in China still remain unanswered, for example, what are the potential forces driving energy demand and supply? Previous reviews focused only on fossil fuel based energy and ignored other important elements...