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Public sector enterprises in India : enhancing geo-strategic reach and exports

Mukherjee, Arpita; Sarma, Angana Parashar; Barah, Ankita; … - 2020

Public sector enterprises (PSEs) have been one of the key drivers of economic development in several countries, including India. While many countries have gradually moved away from the PSE model of growth, in the year 2019, around 25 percent of the Fortune Global 500 companies were PSEs. As...

Persistent link: https://www.econbiz.de/10012203996

Dynamic regulation of public franchises with imperfectly correlated demand shocks

Buso, Marco; Dosi, Cesare; Moretto, Michele - 2023

In a continuous-time setting, we study the design of a dynamic contract between a government and a private entity, wherein the latter commits to pay the government in return for the exclusive right to sell a service by operating a public facility. Private revenues are modelled as depending on...

Persistent link: https://www.econbiz.de/10013547855

Monopolistic screening under learning by doing

Gärtner, Dennis - 2007

This paper investigates the design of incentives in a dynamic adverse selection framework when agents’ production technologies display learning effects and agents’ rate of learning is private knowledge. In a simple two-period model with full commitment available to the principal, we show...

Persistent link: https://www.econbiz.de/10003892452

Eliciting information from a committee

Zapechelnyuk, Andriy - 2012

The paper addresses the mechanism design problem of eliciting truthful information from a committee of informed experts who collude in their information disclosure strategies. It is shown that under fairly general conditions full information disclosure is possible if and only if the induced...

Persistent link: https://www.econbiz.de/10009517819

Optimal afforestation contracts with asymmetric information on private environmental benefits

Anthon, Signe; Thorsen, Bo Jellesmark - 2004

We investigate the problem of subsidising afforestation when private information exists with respect to the level of private utility derived from the project. We develop a simple model that allows for an intelligent design of contracts when information is asymmetric. The model involves the...

Persistent link: https://www.econbiz.de/10011601121

Supply contracting under dynamic asymmetric cost informationl

Di Corato, Luca; Moretto, Michele - 2024

We consider a long-term contractual relationship in which a buyer procures a fixed quantity of a product from a supplier and then sells it on the market. The production cost is private information and evolves randomly over time. The solution to this dynamic principal-agent problem involves a...

Persistent link: https://www.econbiz.de/10014478916

Monitoring the governance of state-owned enterprises : assessing the impact of corporate governance reforms in Brazil

Coelho, Daphne; Teodorovicz, Thomaz; Fritscher, André … - 2024

, and fulfilling social objectives. Yet, SOEs face unique governance challenges as agency conflicts usually increase with …-stringent governance requirements of the Law on SOEs was detected, the group of federal SOEs, which adopted the IG-SEST monitoring … its indicators in corporate governance parameters specified in the Law on SOEs, this result can be interpreted as …

Persistent link: https://www.econbiz.de/10015054007

Certificación internacional de calidad : ¿señalizando a quién? : impacto en el desempeño de empresas en Argentina

Bernini, Federico; Garone, Lucas Figal; Maffioli, Alessandro - 2017

Persistent link: https://www.econbiz.de/10011588537

Why do voters support procyclical fiscal policies? : experimental evidence from Latin America

Ardanaz, Martin; Hübscher, Evelyne; Keefer, Philip; … - 2023

Governments often pursue procyclical fiscal policies, even though they reduce voter welfare. Is this because voters actually prefer procyclical policies? The analysis in this paper exploits the first individual-level evidence from an original survey of 12,000 respondents in 8 countries across...

Persistent link: https://www.econbiz.de/10014460802

Optimal random taxation and redistribution

Gauthier, Stéphane; Laroque, Guy - 2022

We assess the usefulness of stochastic redistribution among a continuum of risk-averse agents with quasilinear utilities in labor. Agents differ according to their consumption tastes, which remain private information. We identify circumstances where stochastic redistribution is socially...

Persistent link: https://www.econbiz.de/10013464907