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Privatization and Efficiency : Industry Effects of the Sale of British Airways
Eckel, Catherine C. - 2011
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
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Experience of Privatisation, Regulation and Competition : Lessons for Governments
Davies, Lesley - 2006
This policy paper offers a synthesis of research on privatisation and its impacts on the utilities sector in different countries. It identifies issues to be considered by policy makers concerned with economic reform, including the implications of sequencing privatisation together with...
Persistent link: https://www.econbiz.de/10012733357
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Objectives and Incentives : Evidence from the Privatisation of Great Britain's Power Plants
Triebs, Thomas - 2020
Does privatisation increase firm productivity because the private owner's objective is different, or because she is better able to control management? Is privatisation sufficient to improve productivity, or is it only effective in combination with competition? We answer these questions for Great...
Persistent link: https://www.econbiz.de/10012854356
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The Privatization of Bankruptcy : Evidence from Financial Distress in the Shipping Industry
Franks, Julian R. - 2020
A generally accepted view is that sophisticated bankruptcy procedures are required to mitigate coordination failures and fire sale discounts arising from financial distress. In this paper, we study an industry not subject to mandatory bankruptcy procedures; instead, the shipping industry has...
Persistent link: https://www.econbiz.de/10012854883
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The Uk's Privatisation Experiment : The Passage of Time Permits a Sober Assessment
Parker, David - 2021
This paper looks at the UK's privatisation experiment, which began from the late 1970s. It considers the background to the UK's privatisations, which industries were privatised and how, and summarises the results of studies of performance changes in privatised companies in the UK. It looks at...
Persistent link: https://www.econbiz.de/10013319484
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Privatisations as price reforms : evaluating consumers' welfare changes in the UK
Brau, Rinaldo; Florio, Massimo - 2002
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/10011597634
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The abnormal returns of UK privatisations : from underpricing to outperformance
Florio, Massimo; Manzoni, Katiuscia - 2002
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/10011597836
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The missing shock : the macroeconomic impact of British privatisation
Florio, Massimo; Grasseni, Mara - 2004
The privatisation policy pursued in the UK by Mrs Thatcher's government (1979-1990) and subsequently by Mr Major's government (1990-1997) was the largest experiment in public divestitures among capitalist economies. It had a deep impact on economic policy-making world wide, and was vastly...
Persistent link: https://www.econbiz.de/10011606658
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Choice and competition in the welfare state : home care as the ideal quasi-market
Bergman, Mats A.; Jordahl, Henrik; Lundberg, Sofia - 2018
We study a reform by which a standardized model of choice and competition was introduced in tax-financed home care in a majority of Swedish municipalities. The market for home care is of particular interest since it is close to the ideal quasi-market. For identification, we exploit the different...
Persistent link: https://www.econbiz.de/10011852551
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The impacts of private hospital entry on the public market for elective care in England
Kelly, Elaine; Stoye, George - 2020
This paper examines the impacts of private hospital entry on publicly funded elective care in England. From 2006, private hospitals were encouraged to enter certain publicly funded markets to compete with existing public hospitals and stimulate quality improvements. Studying elective hip...
Persistent link: https://www.econbiz.de/10012149593