Public Utilities: Privatization without Regulation

Ornella Tarola

Czech Economic Review, 2010, vol. 4, issue 1, 062-078

Abstract: In the last decades, transitional countries of Central and Eastern Europe have engaged in strong privatization programs of public utilities. However, a large part of them did not meet legal and economic conditions needed for a market economy to take place. In this paper, we study how a firm producing a public utility and moving from a public ownership to privatization and thus adopting a profit-maximizing criterion defines its production plans, when an appropriate regulatory environment is still lacking.

Keywords: Privatization; public utilities; dynamic programming (search for similar items in EconPapers)
JEL-codes: C61 D21 L11 L33 (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (2)

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