作者：Boycko, M; Shleifer, A; Vishny, RW
作者单位：Harvard University; University of Chicago
摘要：Public enterprises around the world have proved to be highly inefficient, primarily because they pursue strategies, such as excess employment, that satisfy the political objectives of politicians who control them. Privatisation of public enterprises can raise the cost to politicians of influencing them, since subsidies to private firms necessary to force them to remain inefficient are politically harder to sustain than wasted profits of the state firms. In this way, privatisation leads to effi...
作者：Stoneman, P; Kwon, MJ
摘要：In this paper an encompassing model of tile diffusion of new process technologies is used to predict the relationship between firm profitability and the adoption of technology. The model is tested on data relating to a sample of firms in the UK engineering industry over the period 1983-6. The results indicate that non-adopters experience reduced profits as other firms adopt new technologies and that the gross profit gains to adopters of new technology lire related to firm and industry characte...
作者：Norman, G; Thisse, JF
作者单位：heSam Universite; Universite Pantheon-Sorbonne
摘要：We re-examine the economic justification for the regulation of firms' price policies. Existing analysis of the relative benefits of alternative pricing policies, by treating market structure as exogenous, loses an important trade-off Price deregulation leading to, for example, discriminatory pricing, on the one hand, enhances competition between incumbents but, on the other, acts as a strong deterrent against entry. We illustrate this trade-off by analysing the familiar address model of produc...
