This paper investigates the determinants of political support for the privatization of education in the UK. The electorate is assumed to apply cost-benefit calculations, depending on their circumstances; a set of criteria for evaluating educational reforms is linked to individual voters' characteristics. It is then possible to identify which voters would oppose or advocate educational reforms s...

Using data on Indian government-owned …rms, we investigate the e¤ect of privatization on the performance of these …rms. Our results suggest that privatization is positively associated with the pro…tability and e¢ ciency of of government-owned …rms. Despite the small number of transactions, selling majority equity stakes to private owners has an economically signi…cant impact on …rm performance....

Privatizing data is a useful strategy for increasing parallelism in a shared memory multithreaded program. Independent cores can compute independently on duplicates of shared data, combining their results at the end of their computations. Conventional approaches to privatization, however, rely on explicit static or dynamic memory allocation for duplicated state, increasing memory footprint and ...

A political economic framework is used to describe an economy following transition to private ownership. The transition, characterized by massive privatization, is accompanied by a constitutional change, which is influenced by potential shareholders who may be described as the local entrepreneur, the corrupt entrepreneur, or the foreign entrepreneur. The constitutional changes influence the pri...

This paper develops a theory of gradual sales and underpricing of shares in privatizations. Gradual sales and underpricing are strategic devices used by policymakers to signal commitment when the capital markets are unsure about the government's type and attempt to infer it from observed performance. The model establishes for which firms the use of underpricing is optimal. Further, in the conte...

Using the high-power setting of newly privatized firms from 64 countries, we examine the relationship between ownership type and firm-level capital allocations as captured by investment sensitivity to stock price. Consistent with our predictions that government and foreign institutional owners are associated with different levels of information asymmetry and agency problems, we find strong and ...

I analyze the effects of privatization and export tax in renewable resource sector. find that increases stock level, show conditions under which is welfare improving. Further, effect on level welfare. In addition, study interaction between policy optimal can be different based levels privatization. also have similar domestic

Corporatization—arguably as important privatization regarding public service reform—remains an under-researched topic in Public Administration. In this paper, we explore the extent to which implementation of different types corporatization strategies can be explained by ideology ruling party Spanish healthcare sector, selected for study because sector was subject reform, particularly, decentral...