In this study we estimate the social impact of privatisation by means of cost-benefit analysis. It includes assessing the performance of the privatised firm against counterfactual situations and examining economic efficiency at points in time as well as assessing the dynamic efficiency of...

The Treasury requested tenders for an empirical evaluation of the impact on the New Zealand economy of the privatisation of NZ Rail Limited now Tranz Rail Ltd. Their terms of reference were to: determine the nature and extent of the economic welfare gains andlosses resulting from the...