Showing 1 - 10 of 59,654
This paper yields a rationale for why subsidized public banks may be desirable from a regional perspective in a financially integrated economy. We present a model with credit rationing and heterogeneous regions in which public banks prevent a capital drain from poorer to richer regions by...
Persistent link: https://www.econbiz.de/10010373500
This paper yields a rationale for why subsidized public banks may be desirable from a regional perspective in a financially integrated economy. We present a model with credit rationing and heterogeneous regions in which public banks prevent a capital drain from poorer to richer regions by...
Persistent link: https://www.econbiz.de/10012721596
within less than five years. We examine whether the privatization authority followed its mandate to privatize competitive … investors, and are more likely to remain in business even 20 years after leaving public ownership. The privatization agency …
Persistent link: https://www.econbiz.de/10012287328
We review the literature on public sector outsourcing to explore if the theoretical predictions from the incomplete contracts literature hold up to recent empirical evidence. Guided by theory, we arrange services according to the type and magnitude of their contractibility problems. The...
Persistent link: https://www.econbiz.de/10012022711
The privatization literature depicts the choice whether to contract out as a tradeoff between excessive private … it is kept in-house. Therefore, privatization decisionmakers and monitoring agencies may be more prone to capture when …
Persistent link: https://www.econbiz.de/10014051182
A wide range of services provided by the public sector are credence goods, i.e., services for which the producer has private information whether a certain treatment is needed or not. This paper studies how ownership affects the incentives for producers to reveal such information to public...
Persistent link: https://www.econbiz.de/10014214888
privatization in postcommunist Russia. Taking advantage of large regional variation in the size of public administrations, and … employing a multilevel research design that controls for pre-privatization selection in the estimation of regional privatization … effects, we examine the relationship between state bureaucracy and the impact of privatization on firm productivity. We find …
Persistent link: https://www.econbiz.de/10014216108
This paper examines the impact of private prison contracting by exploiting staggered prison capacity shocks in Mississippi. Motivated by a model based on the typical private prison contract that pays a per diem for each occupied bed, the empirical analysis shows that private prison inmates serve...
Persistent link: https://www.econbiz.de/10014140772
scheme, FDR's New Deal, LBJ's Great Society, Ronald Reagan's Privatization Revolution, and — now — the instant Trumpist … of American constitutional government. Casting privatization as an existential threat, Constitutional Coup explains how …
Persistent link: https://www.econbiz.de/10012947175
hypotheses about how institutions contribute to shape capital's preferences towards pension privatization. In particular, I study … privatization, while employers may have a much more ambivalent attitude. The argument is tested using a comparative historical …
Persistent link: https://www.econbiz.de/10013030407