Privatization and Incentives

Performance measurements and impacts of privatization Performance measurement in emerging markets: Control privatization versus revenue privatization

Privatization and Political Accountability

This article draws some general connections between privatization and political accountability. Although the main focus of the article is to examine different types of privatization, specifically exploring the ramifications for political accountability of each type, I also engage in some speculation as to whether there are situations in which privatization might raise constitutional concerns re...

PRIVATIZATION and CORRUPTION1

This paper offers a theory of how the degree of corruption that prevails in a society responds to changes in the ownership structure of major public service providers. We show that there are cases where private ownership, even though it fosters investments in infrastructure, also opens the door to more corruption. The public dissatisfaction towards privatization is crucially affected by this de...

Privatization and Foreign Competition

This paper determines the equilibrium market structure in a mixed international oligopoly, where the state assets are sold at an auction. The model suggests that low greenÞeld costs and low trade costs induce foreign acquisitions. The intuition is that domestic Þrms can then not prevent foreign Þrms from becoming strong competitors and thus, their willingness to pay for the state assets is low....

Privatization, Investment, and Competition

In practice, governments often retain some shares in the ...rms they privatize, the ensuing pro...t distributions being an additional source of revenue. We show for a two-...rm di¤erentiated-product oligopoly how partial state ownership may a¤ect ...rms’ subsequent investment and output behavior. Hence, we determine the optimum retained state ownership share under both Bertrand and Cournot comp...