The economic impact of privatisation is hard to assess. This paper extends the analysis of Florio (2004) in four directions. It argues that a welfare assessment of privatisation must include an evaluation of the performance of public enterprises in light of their originally broad set of...

In this paper we examine the emergence over the last two decades in the EU of a dominant policy paradigm on the reform of network industries. We consider the broad recommendations by the OECD and the European Commission, and the Directives adopted by the European Union on the reform of some...

The British privatisations were concentrated on the infrastructure industries of transport, communications and energy. It is important to assess the efficiency impact in a long-term context. The Milan study goes some way towards this but even better is to compare different countries of the...

While most economists usually believe that privatization policy is socially beneficial, it faces increasing opposition in several countries. In this paper we wish to discover the ingredients in a recipe for privatization discontent. To do so we focus on Latin America, where there is wide...

The paper shows that privatisation can contribute to the decrease of net public debt, but at the same time can decrease the Public Sector Net Worth. This is defined as the difference between public sector assets and liabilities. The UK in the 1980s and 1990s is an example of parallelism between...