%0 Journal Article
%T Public Utilities: Privatization without Regulation
%A Ornella Tarola
%J AUCO Czech Economic Review
%D 2010
%I Charles University in Prague
%X 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.
%K Privatization
%K public utilities
%K dynamic programming
%U http://auco.cuni.cz/mag/article/download/id/80/type/attachment