This paper develops an oligopoly model with firms that may potentially be public or private, and solves it for different cases in which the number and ownership of those firms vary. The results are then compared in terms of total surplus and consumer surplus, and this comparison produces...

State-owned enterprises set a clear example of a mixed governance, in which the public and private realms blend together to bring about a complex structure we are going to define as dual governance. This paper puts forth a new design of governance for state-owned banks. Firstly, the whole...

El objetivo de este trabajo es reseñar las teorías económicas que sirven de sustento a las recomendaciones de política respecto de la propiedad y la regulación de los servicios de infraestructura, y tratar de combinarlas a fin de poder evaluar las ventajas y desventajas de los distintos...

This paper sets forth a new perspective to address some problems that arise from the mixed governance nature of a state-owned bank. Firstly, it stresses that the principle of subsidiarity is at the root of decision-making processes in which the bank involves itself on the grounds of political...

Cualquier ocasión constituye un excelente pretexto para volver a analizar una vez más qué ocurrió en la economía argentina durante los 50 últimos años2. Pero desde una perspectiva específica. No se trata de una descripción cronológica (que el lector puede consultar en de Pablo, 2005),...

A DSGE (Dynamic Stochastic General Equilibrium) model is used to report the empirical behavior of the Argentine economy during the administration of the Cambiemos government coalition. Two main aspects have been taken into account: on the one hand, the debate on the economic policy of the...