This paper examines the consequences of creating a fully competitive market in a sector previously dominated by a cost-minimizing public firm. Workers in the economy are heterogeneous in their intrinsic motivation to work in the sector. In line with empirical findings, our model implies that...

Die Branchenkonjunktur in der Entsorgungswirtschaft war zur Jahresmitte 2007 angesichts des anhaltenden Wirtschaftsaufschwungs und der damit steigenden Nachfrage nach Entsorgungsdienstleistungen von einem ausgesprochenen Optimismus geprägt und auf Umsatzwachstum ausgerichtet. Ein Problem...

This paper introduces and critically analyzes an emerging form of global infrastructure development by China's infrastructure construction companies, known as "integrated investment, construction, and operation" (IICO). This model has been promoted by the Chinese infrastructure industry,...

This paper aims to raise the awareness and knowledge about state-owned enterprises (SOEs) in Germany - a sizable but often ignored part of the overall public sector which the authors of this ZEW expert brief, therefore, label the "other government" - to facilitate an informed debate about the...

Four decades ago, the main actors in global health were the World Health Organization (WHO), the United Nations Children's Fund (UNICEF) and the United States of America and Northern European countries (through bilateral cooperation). Today we are witnessing a proliferation of actors in this...

Government firms and authorities often sell services in the free market via affiliated consulting firms (CFs). In this study, I analyze whether these agents have an unfair competitive edge compared to private CFs. The theoretical analysis shows that private and state-owned CFs operate under...

There is no evidence on the extent of public versus private wage differentials in Turkey. The main objective of this paper is to examine the factors which explain the employment choice and the wage differentials in the public administration, state owned enterprises and the formal private wage...

The paper presents study of corporate governance evolution in Bulgaria and its convergence to EU structures. The author discusses the traditional approach to separation of ownership and control in transition economies and modern ideas about the need for changing corporate governance paradigm....

Fannie Mae and Freddie Mac are government-sponsored enterprises that are central players in U.S. secondary mortgage markets. Over the past decade, these institutions have amassed enormous mortgage- and non-mortgage-oriented investment portfolios that pose significant interest-rate risks to the...