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The Theory and Practice of Privatisation

dc.contributor.authorEvans, Lewis
dc.date.accessioned2015-02-11T21:38:57Z
dc.date.accessioned2022-07-06T22:43:21Z
dc.date.available2015-02-11T21:38:57Z
dc.date.available2022-07-06T22:43:21Z
dc.date.copyright1/08/1998
dc.date.issued1998
dc.description.abstractIn this paper the arguments for privatisation are reviewed in some depth. Forcompetitive markets the view of Balladur (1997 54) that "The state has no legitimate grounds for assuming control over business in the competitive sectors of the economy. Everyone recognises this nowadays" is accepted. For concentrated markets a separation theorem of Willig (1993) that means that in the presence of secure property rights a regulated private firm will perform in a superior manner to a public sector firm is also accepted. This theorem is discussed in some detail because it has explanatory power for empirical studies of privatisation in the presence of regulation and implications for the form of regulation. The process and design of privatisation are discussed before briefly reviewing empirical assessments of privatisation. The paper starts with a section about state owned enterprises (SOEs) because these are the government entities that most closely resemble privatised firms.en_NZ
dc.formatpdfen_NZ
dc.identifier.urihttps://ir.wgtn.ac.nz/handle/123456789/19035
dc.language.isoen_NZ
dc.publisherTe Herenga Waka—Victoria University of Wellingtonen_NZ
dc.rightsPermission to publish research outputs of the New Zealand Institute for the Study of Competition and Regulation has been granted to the Victoria University of Wellington Library. Refer to the permission letter in record: https://ir.wgtn.ac.nz/handle/123456789/18870en_NZ
dc.subjectprivatisationen_NZ
dc.titleThe Theory and Practice of Privatisationen_NZ
dc.typeTexten_NZ
vuwschema.contributor.unitNew Zealand Institute for the Study of Competition and Regulationen_NZ
vuwschema.contributor.unitVictoria Business School: Orauarikien_NZ
vuwschema.subject.anzsrcfor149999 Economics not elsewhere classifieden_NZ
vuwschema.subject.anzsrcforV2389999 Other economics not elsewhere classifieden_NZ
vuwschema.type.vuwWorking or Occasional Paperen_NZ

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