TY - JOUR
T1 - Public Policy Towards the Sale of State Assets in Troubled Times: Lessons from the Irish Experience
AU - Gorecki, P. K.
AU - Lyons, S.
AU - Tol, R.S.J.
PY - 2011
Y1 - 2011
N2 - 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. © 2011 Elsevier Ltd.
AB - 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. © 2011 Elsevier Ltd.
UR - https://www.scopus.com/pages/publications/80052844032
UR - https://www.scopus.com/inward/citedby.url?scp=80052844032&partnerID=8YFLogxK
U2 - 10.1016/j.jup.2011.05.004
DO - 10.1016/j.jup.2011.05.004
M3 - Article
SN - 0957-1787
VL - 19
SP - 193
EP - 201
JO - Utilities Policy
JF - Utilities Policy
IS - 3
ER -
