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Using information collected by the National Audit Office, a comparison of several aspects of performance on recent Private Finance Initiative (PFI) contracts is conducted. The first aspect is a sector by sector comparison of refinancing profits, bearing in mind differential risk levels and in...
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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 (Dreze and Stern, 1990). By adopting this...
Persistent link: https://www.econbiz.de/10014107554
In an era of fiscal austerity and dualization of social protection, has organized labor become increasingly split along skill and industry lines? Against recent political science accounts of trade union involvement in social policy-making, this paper argues that, in the specific area of...
Persistent link: https://www.econbiz.de/10013028098
This paper examines the role of privatization on the cost of government-provided services. We examine data on the cost …
Persistent link: https://www.econbiz.de/10014029832
This article seeks to identify the reasons behind the privatization programmes undertaken by governments of the … European Union (EU), particularly, the EU 15. The privatization of public enterprises was one of the most important economic … bibliography on the topic. Despite this, there remains a lack of consensus on the reasons why governments implemented privatization …
Persistent link: https://www.econbiz.de/10013143121
We analyze the effect of privatization on the performance of British Airways by examining the privatization's impact on … Airways' privatization, implying expectation of a more competitive British Airways. Closer rivals of British Airways … significantly upon privatization. The results suggest that a change from government to private ownership improves economic …
Persistent link: https://www.econbiz.de/10013122620
This paper identifies product market competition as a fundamental impetus for privatization. Based on the economy with … and how competition affects privatization. We find that state-owned enterprises (SOEs) more affected by the competitive … and strategic importance of SOEs are key considerations of the state's privatization decisions. Finally, we find regions …
Persistent link: https://www.econbiz.de/10012897202