scholarly journals Zugangsentgelte zur Infrastruktur der Deutsche Bahn AG: Fluch oder Segen durch vertikale Separierung?

2011 ◽  
Vol 60 (3) ◽  
Author(s):  
Marc Bataille ◽  
Michael Coenen
Keyword(s):  
Economic Policy ◽  
Vertical Integration ◽  
Price Setting ◽  
Vertical Separation ◽  
Railway Transport ◽  
Network Operator ◽  
Policy Proposal ◽  
The Public ◽  
Effective Competition ◽  
Deutsche Bahn

AbstractIt has been a policy proposal since long to vertically separate transport and infrastructure in Germany’s railway sector. The proposal received new momentum, when selling the transport subsidiaries of Deutsche Bahn AG to the public was discussed in 2008 / 2009. While vertical separation is general ly understood to prevent foreclosure and discrimination by the incumbent network- operator, advocates of vertical integration claim separation to have adverse effects on access prices to the infrastructure. We examine the price setting incentives of an integrated and a separated network-operator and compare our results to rough empirical findings on the profitability of the Deutsche Bahn AG infrastructure branches. Theoretical analysis highlights that after separation exceptional mark-ups on access prices to the railwayinfrastructure are feasible only in segments of railway-transport with insufficient competition. We therefore conclude that an economic policy for the railway sector directed on efficient supply and promoting effective competition should unbind itself from alleged price synergies and should press ahead with vertical separation instead.

scholarly journals Optimal government size and economic growth in Spain. Evidences through the Armey Curve (1980-2016).

2019 ◽  
Vol 6 (12) ◽  
pp. 140-146
Author(s):  
Carlos Navarro
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Public Expenditure ◽  
Analytical Tool ◽  
Government Size ◽  
Spanish Economy ◽  
Policy Proposal ◽  
The Public ◽  
Relationship Of ◽  
The Relationship

This study analyzes the effect of public expenditure on economic growth for the Spanish economy, in the period between 1980 and 2016. The Armey curve is used as an analytical tool to describe the relationship between the two variables indicated. The two objectives of this study are check if there is a quadratic relationship of this kind between the two variables for the Spanish economy, as predicted by the model, and there, calculate their optimum. The empirical findings indicate the existence of a significant relationship inverted U-shaped between the two variables in the Spanish economy, obtaining an optimal public expenditure in Spain of 40.07% of GDP, 5.07% lower than the size of the public sector by 2016. Based on these results, an economic policy proposal could be the need to reduce the percentage of public expenditure with the goal of attaining greater efficiency in the Spanish economy.

Competition and partnership in public and private sector strategies

2021 ◽  
Vol 27 (1) ◽  
pp. 5-20
Author(s):  
Jacek Stasiak
Keyword(s):  
Economic Policy ◽  
Private Sector ◽  
Point Of View ◽  
Public And Private ◽  
The Public ◽  
Modern Economy ◽  
Public And Private Sector

The existence of the public and private sectors in the modern economy is justified from the point of view of economic policy, especially with regard to its stabilising function (regulatory sphere) and allocative and redistributive function (real sphere).

scholarly journals Priority-partnership approach as a mechanism for encouraging investment activities at the railway transport

2019 ◽  
Vol 67 ◽  
pp. 04014
Author(s):  
Oleg Vasyliev ◽  
Volodymyr Volokhov ◽  
Inna Volokhova ◽  
Olena Lukianova ◽  
Hanna Zhovtiak
Keyword(s):  
Global Economy ◽  
Structural Changes ◽  
Public Private Partnership ◽  
The State ◽  
Railway Transport ◽  
Public And Private ◽  
Private Partnership ◽  
The Public ◽  
Modern Economic ◽  
Partnership Approach

Modern economic conditions and the integration of the national economy into the global economy require structural changes and a search for a new model of relationship between the public and private sectors. The relevance of this article is determined by the fact that the existing scientific concepts have not formed a general understanding of the theoretical aspects for the implementation of public-private partnership at the railway transport, have not established development priorities and tasks of the state in the implementation of the mechanism of public-private partnership at the railway transport. Realization of the projects capable of maintaining implementation of the development priorities of the railway industry requires significant investments of private business and financial, organizational and legal support of the state. The authors substantiate the necessity of using public-private partnership at the railway transport of Ukraine for solving the most urgent current problem – renewal of the material and technical resources and bringing them in line with the requirements of the leading European countries. The proposed priority-partnership approach and the obtained results open up new opportunities for further research into the solution of the problem regarding the implementation of public-private partnership at the railway transport.

scholarly journals What Does the Public Know about Economic Policy, and How Does It Know It?

2004 ◽  
Vol 2004 (1) ◽  
pp. 327-397 ◽  
Author(s):  
Alan S. Blinder ◽  
Alan B. Krueger
Keyword(s):  
Economic Policy ◽  
The Public

scholarly journals Input Production Joint Venture

2011 ◽  
Vol 11 (1) ◽  
Author(s):  
Gianpaolo Rossini ◽  
Cecilia Vergari
Keyword(s):  
Vertical Integration ◽  
Joint Ventures ◽  
Joint Venture ◽  
Organizational Setting ◽  
Vertical Separation ◽  
Oligopoly Model ◽  
Rule Of Reason ◽  
The Social ◽  
Differentiated Goods ◽  
Partial Collusion

In many industries, it is quite common to observe firms delegating the production of essential inputs to independent ventures jointly established with competing rivals. The diffusion of this arrangement and the favourable stance of competition authorities call for the assessment of the social and private desirability of Input Production Joint Ventures (IPJV), which represent a form of input production cooperation, scantly investigated so far. IPJV can be seen as an intermediate organizational setting lying between the two extremes of vertical integration and vertical separation, with a major difference, due to partial collusion. Our investigation is based on an oligopoly model with horizontally differentiated goods. We characterize the conditions under which IPJV is privately optimal finding that firms' incentives may be welfare detrimental. We also provide a rationale for the empirical relevance of IPJV both in terms of its ability to survive and in terms of disengagement incentives which account for the large number of divorces among members of joint ventures. The stance of the paper as to IPJV is more cautious with respect to the received wisdom of competition authorities and in favour of the wide application of the rule of reason.

Problems of the RA economic development in the context of the concept “Growth Loads and Centers”

2020 ◽  
Author(s):  
Gohar Ghambaryan
Keyword(s):  
Economic Policy ◽  
Economic Development ◽  
Public Administration ◽  
Economic Geography ◽  
Practical Application ◽  
Historical Experience ◽  
The Public ◽  
Wide Range ◽  
Regional Economic Policy ◽  
The Republic

The monograph touches upon the theoretical substantiations of economic development, regional economic policy and the interpretation of generalizations of historical experience, as well as the clarification of the possibilities of their practical application in the process of regional development of the Republic of Armenia. The issues of the RA economic development are discussed in the work, solutions are proposed. The monograph is addressed to the public administration workers, students of the departments of socio-economic geography and economics, specialists who make researches related to the economic development issues of the Republic of Armenia, as well as wide range of readers. (in Armenian)

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