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Private Debt Overhang and the Government Spending Multiplier: Evidence for the United States

Bernardini, Marco; Peersman, Gert - CESifo - 2015

Using state-dependent local projection methods and historical U.S. data, we find that government spending multipliers are considerably larger in periods of private debt overhang. In particular, we find significant crowding-out of personal consumption and investment in low-debt states, resulting...

Persistent link: https://www.econbiz.de/10011212082

External Constraints Matter for Privatizations

Petrarca, Ilaria; Ricciuti, Roberto - CESifo - 2014

We present an analysis of the share of public ownership in the product market in the OECD countries from 1974 to 2007. Despite much has been said on the broad topic of reforms and regulation, a sector-specific insight is missing. We replicate the analysis of Galasso (2014) by sector of activity...

Persistent link: https://www.econbiz.de/10010948843

Government Outsourcing: Public Contracting with Private Monopoly

Auriol, Emmanuelle; Picard, Pierre M. - CESifo - 2006

The paper studies the impact of government budget constraint in a pure adverse selection problem of monopoly regulation. The government maximizes total surplus but incurs some cost of public funds. An alternative to regulation is proposed in which firms are free to enter the market and to choose...

Persistent link: https://www.econbiz.de/10005765762

Privatising Network Industries

Newbery, David - CESifo - 2004

Persistent link: https://www.econbiz.de/10005765806

Privatization in Austria: Some Theoretical Reasons and First Results About the Privatization Proceeds

Belke, Ansgar; Schneider, Friedrich - CESifo - 2004

Persistent link: https://www.econbiz.de/10005766310

State Ownership and Control in the Czech Republic

Kocenda, Evžen; Hanousek, Jan - CESifo - 2009

We analyze the extent of the integrated control of the state over privatized firms during the post-privatization decade …

Persistent link: https://www.econbiz.de/10008533985

Voter Support for Privatizing Education: Evidence on Self-Interest and Ideology

Merzyn, Wolfram; Ursprung, Heinrich - CESifo - 2003

Economic theory advances various arguments in favor of and against privatizing education. In this paper we investigate the extent to which these arguments influence voters’ opinions. We analyze two popular referenda in which some 400,000 voters in two Swiss cantons expressed their opinions on...

Persistent link: https://www.econbiz.de/10005196221

Privatization in Denmark, 1980-2002

Christoffersen, Henrik; Paldam, Martin - CESifo - 2004

along with everybody else. No statistics on privatization have been previously published in Denmark. Most of the 12 … privatization activity appears to be outsourcing. …

Persistent link: https://www.econbiz.de/10005405723

Privatization under Asymmetric Information

Bös, Dieter - CESifo - 2000

This paper models privatization as a cooperative game between the government, a trade union and the private … shareholders. These players kno w that privatization increases the efficiency of a firm, but only the management of the firm knows …

Persistent link: https://www.econbiz.de/10005406357

Privatization in Italy 1993-2002: Goals, Institutions, Outcomes, and Outstanding Issues

Goldstein, Andrea - CESifo - 2003

This paper describes the privatization program in Italy during the 1990s and puts that policy in the context of … attempts at privatization of the 1980s, delaying until 1992 the start of largescale privatizations. These were imposed on … analysis of the consequences of privatization on corporate governance show that, notwithstanding considerable changes in the …

Persistent link: https://www.econbiz.de/10005416520