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La racionalización y los precios de la privatización en el sector de las telecomunicaciones

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Author Info
Alberto Chong ()
Virgilio Galdo

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Abstract

(Disponible en idioma inglés únicamente) Este trabajo llena un vacío sobre el tema de los factores que determinan los precios de privatización, al concentrarse en un ramo de actividad a través de muchos países. Esto no se ha hecho anteriormente, ya que la obra publicada se ha concentrado únicamente en: (i) muchas industrias en un solo país, (ii) una sola industria en un país o (iii) muchas industrias en muchos países. Complementamos una base de datos dada a conocer recientemente con datos también recabados recientemente, y podemos cubrir 34 procesos de privatización en el sector de las telecomunicaciones, que representan casi 80% del sector en términos de valor. Nuestros hallazgos se corresponden con los de la escasa obra disponible sobre los precios de privatización, dado que nuestra mejor recomendación de políticas es principalmente concentrarse en la transparencia y limpieza del proceso de privatización, porque los métodos de venta sí importan. Mostramos que la administración gubernamental de los procesos de redimensionamiento laboral pueden traer como consecuencia una selección adversa, ya que los mejores trabajadores son los primeros en abandonar la empresa cuando tienen la oportunidad.

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Paper provided by Inter-American Development Bank, Research Department in its series RES Working Papers with number 4320.

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Date of creation: Feb 2003
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Handle: RePEc:idb:wpaper:4320

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  1. Wallsten, Scott, 2002. "Does sequencing matter? regulation and privatization in telecommunications reforms," Policy Research Working Paper Series 2817, The World Bank. [Downloadable!]
  2. Roland, Gérard, 1994. "On the Speed and Sequencing of Privatization and Restructuring," CEPR Discussion Papers 942, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    Other versions:
  3. Kahn, Charles M, 1985. "Optimal Severance Pay with Incomplete Information," Journal of Political Economy, University of Chicago Press, vol. 93(3), pages 435-51, June. [Downloadable!] (restricted)
  4. Rama, Martin, 1999. "Public Sector Downsizing: An Introduction," World Bank Economic Review, Oxford University Press, vol. 13(1), pages 1-22, January.
  5. Jeon, Doh-Shin & Laffont, Jean-Jacques, 1999. "The Efficient Mechanism for Downsizing the Public Sector," World Bank Economic Review, Oxford University Press, vol. 13(1), pages 67-88, January.
    Other versions:
  6. Freeman, Richard B, 1986. "Unionism Comes to the Public Sector," Journal of Economic Literature, American Economic Association, vol. 24(1), pages 41-86, March. [Downloadable!] (restricted)
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  7. Rafael La Porta & Florencio Lopez-de-Silanes & Andrei Shleifer & Robert W. Vishny, 1998. "Law and Finance," Journal of Political Economy, University of Chicago Press, vol. 106(6), pages 1113-1155, December. [Downloadable!] (restricted)
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  8. Vickers, John & Yarrow, George, 1991. "Economic Perspectives on Privatization," Journal of Economic Perspectives, American Economic Association, vol. 5(2), pages 111-32, Spring. [Downloadable!] (restricted)
  9. William L. Megginson & Jeffry M. Netter, 2001. "From State to Market: A Survey of Empirical Studies on Privatization," Journal of Economic Literature, American Economic Association, vol. 39(2), pages 321-389, June. [Downloadable!] (restricted)
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