Showing 1 - 10 of 35
This paper analyses the effects on consumers' welfare of the privatisation policy carried out in the UK since 1979. The approach we follow sees the privatisation of a State owned enterprise within the broader framework of the "policy reform" theory (Drèze and Stern, 1990). By adopting this...
Persistent link: https://www.econbiz.de/10011335730
This paper offers a review and discussion of the evidence concerning the underpricing and long run performance of British PIPOs (Privatisation Initial Public Offerings) between 1977-1996, i.e. from the first privatisation under a Labour Government (British Petroleum), until the last ones by a...
Persistent link: https://www.econbiz.de/10011335748
Our research tests the difference in investment efficiency between state-owned enterprises (SOEs) and private firms and … then evaluates the effect of privatisation and equitisation policies on the investment efficiency of former state owned …
Persistent link: https://www.econbiz.de/10011440389
the most important source of efficiency improvements, and two thirds of the overall benefits accrue at fellow stakeholders …
Persistent link: https://www.econbiz.de/10005489317
) privatisation route have done so largely out of necessity--and face ongoing efficiency problems as a result. Governments have great …
Persistent link: https://www.econbiz.de/10005423173
This paper examines the linkage between privatization and social spending in the least developed African economies with reference to Ethiopia. Many previous studies have proved that privatisation has had a direct and positive effect on social welfare. The study used data over ten years,...
Persistent link: https://www.econbiz.de/10011111649
This article deals with the role of labor unions in the privatization movement for developing countries. We consider the case of a public monopoly whose workers are members of a trade union and examine the consequences of its privatization. When the trade union and the rm bargain over the level...
Persistent link: https://www.econbiz.de/10011115486
providers. This suggests that there are no large efficiency gains from privatising vocational rehabilitation. …
Persistent link: https://www.econbiz.de/10010818788
Cost asymmetries between the public and the private firms create a rationale for privatising the public firms. We show that this argument is restrictive, since it does not allow for other ways of reducing production inefficiency, which creates the motivation for privatisation. If the profit...
Persistent link: https://www.econbiz.de/10010729752
providers. This suggests that there are no large efficiency gains from privatising vocational rehabilitation. …
Persistent link: https://www.econbiz.de/10010870774