Research Library

The authors conducted mobile phone surveys on energy supply, demand and quality in 12 sub-Saharan African countries, finding that current grid and off-grid electricity supply is inadequate to meet consumers' demands.

The authors examine ways in which disruptive technologies could potentially help improve power sector development in African countries. 

The winner’s curse — overestimating the value of an asset and therefore overpaying — is often associated with acquisitions of publicly-traded firms but not with private acquisitions. Using an event study methodology for over 22,000 private acquisitions of U.S. firms between 1985 and 2015, the authors examine a possible winner’s curse for such acquisitions, testing variables to determine what characteristics make a private company more likely to overestimate the asset's value.