The Experts below are selected from a list of 273 Experts worldwide ranked by ideXlab platform
John E Kwoka - One of the best experts on this subject based on the ideXlab platform.
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the comparative advantage of Public ownership evidence from u s electric utilities
Canadian Journal of Economics, 2005Co-Authors: John E KwokaAbstract:Studies of the performance effects of Public vs private ownership have found mixed evidence. This paper draws on theory suggesting that Public Enterprise may have an advantage in producing goods and services whose quality attributes are difficult to specify a priori. Using a comprehensive data set of U.S. electric utilities to estimate cost functions, we find that while privately owned systems achieve lower costs in generation, Public systems generally have an advantage in the end-user-oriented distribution function with its more non-contractible quality attributes. Other evidence on quality differences by ownership type and by Enterprise size supports this distinction.
Anthony E Boardman - One of the best experts on this subject based on the ideXlab platform.
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ownership versus competition efficiency in Public Enterprise
Public Choice, 1992Co-Authors: Aidan R Vining, Anthony E BoardmanAbstract:Certainly the introduction of product market competition into potentially competitive or, at least contestable, markets can improve performance. To take just one example, Morrison and Whinston (1986, 1986) estimate that even in the imperfectly contestable U.S. airline industry, the annual U.S. welfare gains from deregulation have been around $6 billion.
Robert Fraser - One of the best experts on this subject based on the ideXlab platform.
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Reliability, risk aversion and the positive theory of Public Enterprise
Energy Economics, 1993Co-Authors: Robert FraserAbstract:Abstract This paper extends the theory of reliability by developing it in the context of the positive theory of Public Enterprise. The Public Enterprise is assumed to be a size-maximiser and to choose price and capacity in the face of uncertain demand and subject to an expected profit target. It is shown that a risk averse Public Enterprise will set its levels of price, capacity and reliability either all above or all below those of a risk neutral Public Enterprise depending on the value of the elasticity of expected sales relative to unity. In addition, it is shown that price changes may be superior to capacity changes as a guide to changes in reliability.
Aidan R Vining - One of the best experts on this subject based on the ideXlab platform.
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ownership versus competition efficiency in Public Enterprise
Public Choice, 1992Co-Authors: Aidan R Vining, Anthony E BoardmanAbstract:Certainly the introduction of product market competition into potentially competitive or, at least contestable, markets can improve performance. To take just one example, Morrison and Whinston (1986, 1986) estimate that even in the imperfectly contestable U.S. airline industry, the annual U.S. welfare gains from deregulation have been around $6 billion.
Robert Millward - One of the best experts on this subject based on the ideXlab platform.
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Public Enterprise in the modern western world an historical analysis
Annals of Public and Cooperative Economics, 2011Co-Authors: Robert MillwardAbstract:The aim of this paper is to explain the pattern of Public Enterprise in Western Europe, Japan and USA in the late 20th century, just before the onset of privatisation. It is argued that this requires an understanding of the origins which date from the early 19th century. The task then becomes one of explaining differences over time and across countries. The focus is on those Enterprises levying prices and required to break even financially. A common misconception is that the establishment of such Public Enterprises at both the state and municipal level was a device for overcoming problems of natural monopoly and/or a socialist instrument for mitigating worker exploitation. It is argued that the former was mainly dealt with by arms’ length regulation and that socialist forces were limited. The key questions that have to be answered and around which the paper is organised are: why was Public Enterprise common in grid networks; why were state owned Enterprises in manufacturing more common in Germany, Spain, Italy; why were USA and UK (up to 1939) different; was municipal and state socialism important; what does the privatisation experience tell us about Public Enterprise; what do performance studies reveal? The answer is that Public Enterprise was often an instrument for promoting social and political unification, securing national defence and related strategic considerations, increasingly in the 20th century for promoting economic growth, with regulatory failures and socialist pressures playing a more subsidiary and/or occasional role.
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private and Public Enterprise in europe energy telecommunications and transport 1830 1990
Cambridge University Press; 2005., 2005Co-Authors: Robert MillwardAbstract:Part I. Introduction: 1. Ideology, technology and economic policy Part II. The Construction of the New European Infrastructure c. 1830-1914: 2. Infrastructure development and rights of way in the early nineteenth century 3. Local supply networks, private concessions and municipalisation 4. Railways and telegraph: economic growth and national unification 5. Electricity supply, tramways and new regulatory regimes c. 1870-1914 Part III. Nations and Networks 1914-45: 6. Infrastructure development from the nineteenth to the twentieth century: an overall perspective 7. The development of telecommunications 8. Network integration in electricity supply: successes and failures 9. Railway finances and road-rail competition Part IV. State Enterprise 1945-90: 10. The new state, economic organisation and planning 11. Coal, oil and security 12. Airline regulation and the transport revolution 13. Telecommunications: from calm to storm 14. Economic policy, financial accountability and productivity growth Part V. Conclusions: 15. The road to privatisation and de-regulation?
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private and Public Enterprise in europe
2005Co-Authors: Robert MillwardAbstract:This 2005 book is a comparative history of the economic organisation of energy, telecommunications and transport in Europe in the nineteenth and twentieth centuries. It examines the role that private and Public Enterprise have played in the construction and operation of the railways, electricity, gas and water supply, tramways, coal, oil and natural gas industries, telegraph, telephone, computer networks and other modern telecommunications. The book begins with the arrival of the railways in the 1830s, charts the development of arms' length regulation, municipalisation and nationalisation, and ends on the eve of privatisation in the 1980s. Robert Millward argues that the role of ideology, especially in the form of debates about socialism and capitalism, has been exaggerated. Instead the driving forces in changes in economic organisation were economic and technological factors and the book traces their influence in shaping the pattern of regulation and ownership of these key sectors of modern economies.