全球智库信息集成服务系统(G2TT): Privatisations as Price Reforms: Evaluating Consumers' Welfare Changes in the UK

G2TT

来源类型	FEEM working papers "Note di lavoro" series
规范类型	论文
	Privatisations as Price Reforms: Evaluating Consumers' Welfare Changes in the UK
	Rinaldo Brau; Massimo Florio
发表日期	2002
出处	Economy and Society
出版年	2002
语种	英语
摘要	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 perspective, the change in consumers' welfare "with" and "without" privatisations can be studied by appropriate welfare measures. We claim that an advantage of our approach is that of being able to provide the required welfare assessment in a simplified way by means of a limited set of information. In particular, we show that a series of welfare measures only based on aggregate information can be used once one becomes ready to accept the use of first and second order approximations and a few "reasonable" assumptions on the shape of demand functions. These welfare measures are subsequently used for the evaluation of the welfare effects related to price variations in seven British privatised public utilities. We conclude that the contribution to consumers' welfare of the privatisation policy in the UK, when compared to the huge transfers involved in the process, has been rather modest
特色分类	L33,D6,D12
关键词	Privatisation,welfare measurement
URL	https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/privatisations-as-price-reforms-evaluating-consumers-welfare-changes-in-the-uk/
来源智库	Fondazione Eni Enrico Mattei (Italy)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/116779
推荐引用方式 GB/T 7714	Rinaldo Brau,Massimo Florio. Privatisations as Price Reforms: Evaluating Consumers' Welfare Changes in the UK. 2002.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
NDL2002-067.pdf（787KB）	智库出版物		限制开放	CC BY-NC-SA	浏览