"The paper analyzes governments' tradeoff between fiscal benefits and consumer surplus in privatization reforms of … noncompetitive industries in developing countries. Under privatization, the control rights are transferred to private interests so … that public subsidies decline. This benefit for tax-payers comes at the cost of price increases for consumers. In …

, where budget constraints are tight, privatization and price liberalization may be optimal for low profitability industries … during privatization of noncompetitive sectors. Privatization transfers control rights to private interests and eliminates … public subsidies, yielding benefits to taxpayers at the cost of increased prices for consumers. In developing countries …

The paper analyzes governments' tradeoff between fiscal benefits and consumer surplus in privatization reforms of … noncompetitive industries in developing countries. Under privatization, the control rights are transferred to private interests so … that public subsidies decline. This benefit for tax-payers comes at the cost of price increases for consumers. In …

The paper analyzes governments' tradeoff between fiscal benefits and consumer surplus in privatization reforms of … noncompetitive industries in developing countries. Under privatization, the control rights are transferred to private interests so … that public subsidies decline. This benefit for tax-payers comes at the cost of price increases for consumers. In …

, where budget constraints are tight, privatization and price liberalization may be optimal for low profitability industries … during privatization of noncompetitive sectors. Privatization transfers control rights to private interests and eliminates … public subsidies, yielding benefits to taxpayers at the cost of increased prices for consumers. In developing countries …