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This paper will give an overview of the literature, concerning investments in the public sector. With regarding investment in the public sector in general, the discount factors and the risk the investors are confronted with, must therefore be taken into account. For analyzing the public sector we must have in mind that this is not a complete and perfect market as it is often supposed for capital markets. Investors are faced with many constraints like regulatory regimes, subsidies and burdens from the government as well as biased conditions for competition. The aim of the paper is to show which regulatory regimes exist and how they influence investment behavior.

Investitionen im regulativen Umfeld – Ein Überblick über den aktuellen Stand der Forschung