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

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Author Info

  • Gorecki, Paul K.
  • Lyons, Sean
  • Tol, Richard S.J.

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.

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Bibliographic Info

Article provided by Elsevier in its journal Utilities Policy.

Volume (Year): 19 (2011)
Issue (Month): 3 ()
Pages: 193-201

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Handle: RePEc:eee:juipol:v:19:y:2011:i:3:p:193-201

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Web page: http://www.elsevier.com/locate/inca/30478

Related research

Keywords: Privatisation; Regulation; Ireland; State assets;

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References

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  1. Binmore, Kenneth & Klemperer, Paul, 2002. "The Biggest Auction Ever: The Sale of the British 3G Telecom Licences," CEPR Discussion Papers 3214, C.E.P.R. Discussion Papers.
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  8. Paul Klemperer, 2004. "Introduction to Auctions: Theory and Practice
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Citations

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Towards a private ESB
    by Richard Tol in The Irish Economy on 2011-09-14 15:39:54
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
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Cited by:
  1. Gorecki, Paul K., 2011. "The Internal EU Electricity Market: Implications for Ireland," Research Series, Economic and Social Research Institute (ESRI), number RS23, September.
  2. Gorecki, Paul K., 2011. "Economic Regulation: Recentralisation of Power or Improved Quality of Regulation?," Papers WP373, Economic and Social Research Institute (ESRI).

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