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UK Privatization and Household Welfare

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Author Info

  • Paolo Liberati

Abstract

This paper investigates the effects of the UK privatization process by estimating changes in household welfare on the basis of real relative price changes. As measured on the basis of price changes at the consumer level, privatization has generated aggregate welfare gains for households. When exogenous input costs in the production process are controlled for, it is noted that the role of privatization is more limited, being between 15% and 50% of the total welfare change obtained after privatization has taken place.

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Bibliographic Info

Article provided by Mohr Siebeck, Tübingen in its journal FinanzArchiv.

Volume (Year): 61 (2005)
Issue (Month): 2 (July)
Pages: 220-

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Handle: RePEc:mhr:finarc:urn:sici:0015-2218(200507)61:2_220:upahw_2.0.tx_2-w

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Web page: http://www.mohr.de/fa

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Postal: Mohr Siebeck GmbH & Co. KG, P.O.Box 2040, 72010 Tübingen, Germany
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Related research

Keywords: privatization; welfare; redistribution; United Kingdom;

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Cited by:
  1. Massimo Florio, 2003. "Electricity prices as signals for the evaluation of reforms: an empirical analysis of four European countries," Departmental Working Papers 2003-14, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.

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