Public policy towards the sale of state assets in troubled times: Lessons from the Irish experience

Gorecki, Paul K, Lyons, Sean and Tol, Richard S J (2011) Public policy towards the sale of state assets in troubled times: Lessons from the Irish experience. Utilities Policy, 19 (3). pp. 193-201. ISSN 0957-1787

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Abstract

The sale of state assets, both tangible (e.g. commercial firms) and intangible (e.g. radio spectrum), can address budgetary shortfalls. However, drawing on the Irish experience to inform this important issue, it becomes clear that much more is involved in selling state assets in electricity, gas, and transport than ranking such assets by value. Wider public policy considerations need to be taken into account in deciding what to sell and under what conditions. The paper outlines how these wider issues, relating to competition and regulation, can be dealt with so that the sale of state assets will enhance societal welfare.

Item Type: Article
Schools and Departments: School of Business, Management and Economics > Economics
Subjects: H Social Sciences > HB Economic theory. Demography
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Depositing User: Richard Tol
Date Deposited: 18 Apr 2012 09:33
Last Modified: 30 Nov 2012 17:11
URI: http://sro.sussex.ac.uk/id/eprint/38235
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