Privatisation has become a common governement policy in many countries. This paper summarizes the salient features of privatisations by public share float in Australia during the period 1989 to 1997. The costs associated with these privatisations is examined, including both direct costs and the opportunity cost of Australian gorvernments selling assets cheaply. Furthermorem, the impact that such sales have on the net worth of the public sector is estimated.
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Length: 15 pages Date of creation: 1998 Date of revision: Handle: RePEc:mlb:wpaper:665
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Find related papers by JEL classification: L32 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Enterprises L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Boundaries of Public and Private Enterprise; Privatization; Contracting Out