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Author: Raymond M. Duch
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 312
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Book Description
Sheds new light on privatization and on the reasons for the failures of state ownership.
Author: Raymond M. Duch
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 312
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Book Description
Sheds new light on privatization and on the reasons for the failures of state ownership.
Author: Scott J. Wallsten
Publisher: World Bank Publications
ISBN:
Category : Government monopolies
Languages : en
Pages : 38
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Book Description
For many countries, recent reforms in telecommunications represent a restoration of the private provision and competition that prevailed in the early part of the 20th century. At that time, just as today, telephone service in countries with competing private providers was superior to service in countries with a state-owned monopoly.
Author: United States. Congress. House. Committee on Commerce. Subcommittee on Telecommunications, Trade, and Consumer Protection
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 224
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Book Description
Author: Consuelo Campbell
Publisher:
ISBN:
Category : Business and politics
Languages : en
Pages : 404
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Book Description
Author: Scott Wallsten
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
For many countries, recent reforms in telecommunications represent a restoration of the private provision and competition that prevailed in the early part of the 20th century. At that time, just as today, telephone service in countries with competing private providers was superior to service in countries with a state-owned monopoly. Countries around the world are liberalizing their telecommunications networks by privatizing incumbent state-owned firms and introducing competition. For many, this change represents a return to private provision and competition - not a new phenomenon. The beginning of the 20th century saw great variation in the structure of telecommunications sectors, with some countries operating state monopolies and others - especially in Scandinavia - allowing vigorous private competition. Wallsten uses data on countries around the world in 1913 and on European countries in 1892-1914 to test the effects of government monopolies, private provision, and operating licenses on telephone development. Controlling for per capita income and, where possible, for country and year fixed effects, he finds that state monopoly provision is correlated with substantially lower telephone penetration and higher consumer prices for long-distance service than private provision. Contrary to conventional wisdom, rural service was also worse under state-owned monopolies. Operating licenses that gave the state the right to appropriate firms' assets similarly led to lower telephone penetration and higher prices. This paper - a product of Regulation and Competition Policy, Development Research Group - is part of a larger effort in the group to examine the effects of telecommunications privatization and liberalization in the developing world.
Author: Johannes M. Bauer
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
In many countries infrastructure liberalization proceeded faster than the privatization of former state monopolies. Regulatory agencies, established to oversee the transition and safeguard the preconditions for competition, therefore monitor state-owned firms in addition to privately owned firms. The research on public-private firms has generated heterogeneous findings, with some pointing to the advantages and other to the disadvantages of this arrangement. Government regulation of mixed public-private firms raises additional complicated issues, of which the paper studies two using the example of European telecommunications between 2000 and 2004. It examines, first, whether the dual role of the state as owner and regulator could be abused to disadvantage private competitors. Second, it probes whether, conversely, the combination of government ownership and regulation might help overcome some of the shortcomings of the regulation of private firms. We find weak evidence that public and mixed regulated firms were subject to more favourable regulation of interconnection prices. However, this effect weakened as more independent regulation was established. In the area of universal service provision, there is no clear evidence that public and mixed telecommunication service providers were more likely than private ones to be utilized in pursuit of social output goals without explicit compensation. Overall, it seems that the presence of independent regulation, appeals processes, and competition review is a safeguard against capture of the regulator, by public and mixed firms.
Author: United States House of Representatives
Publisher:
ISBN:
Category :
Languages : en
Pages : 221
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Book Description
Foreign government ownership of American telecommunications companies : hearing before the Subcommittee on Telecommunications, Trade, and Consumer Protection of the Committee on Commerce, House of Representatives, One Hundred Sixth Congress, second session, September 7, 2000.
Author: Iván Blanco
Publisher: Ed. Universidad de Cantabria
ISBN: 8481028770
Category : Business & Economics
Languages : en
Pages : 90
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Book Description
Do financial derivatives enhance or impede innovation? We aim to answer this question by examining the relationship between equity options markets and standard measures of firm innovation. Our baseline results show that firms with more options trading activity generate more patents and patent citations per dollar of R&D invested. We then investigate how more active options markets affect firms' innovation strategy. Our results suggest that firms with greater trading activity pursue a more creative, diverse and risky innovation strategy. We discuss potential underlying mechanisms and show that options appear to mitigate managerial career concerns that would induce managers to take actions that boost short-term performance measures. Finally, using several econometric specifications that try to account for the potential endogeneity of options trading, we argue that the positive effect of options trading on firm innovation is causal.
Author: Bella Mody
Publisher: Psychology Press
ISBN: 0805817522
Category : Privatization
Languages : en
Pages : 368
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Book Description
First Published in 1995. Routledge is an imprint of Taylor & Francis, an informa company.
Author: United States. Congress. House. Committee on Commerce. Subcommittee on Telecommunications, Trade, and Consumer Protection
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 226
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Book Description
