The oil industry is of great economic significance to many countries, and privatisations of National Oil Companies (NOCs) have often been controversial, as have been the benefits from privatisation more generally. We conduct a social cost-benefit analysis of the partial privatisation of...

This study empirically investigates the impact of privatisation on firm performance in the global oil and gas industry, where questions of resource control have regained widespread attention. Using a dataset of 60 public share offerings by 28 National Oil Companies it is shown that privatisation...

Raymond Vernon, the founding editor of the Journal of Policy Analysis and Management, died on August 26, 1999, at the age of 85. He was Clarence Dillon Professor of International Affairs Emeritus at Harvard's Kennedy School of Government at the time of his death, having served on the faculties...

This paper considers three broad scenarios for Korean reunification. These are reunification through system evolution and adaptation, through collapse and absorption and through conflict. A simulation model is used to estimate the costs of Korean reunification, which span a range between $50...