Bad politics makes bad policy: the case of Queensland’s asset sales program
AbstractOn 2 June 2009, the Queensland government announced a program of asset sales projected to realise $15 billion. In this paper, the public case for privatisation put forward by the Queensland government is case is shown to be wrong and, in important respects, deliberately misleading. It is argued that the presentation of a spurious case for privatisation has contributed to poor policy decisions regarding the choice of assets to be sold, the failure to restructure the rail industry to promote competiton, and the adoption of inferior methods for sale.
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Bibliographic InfoPaper provided by Risk and Sustainable Management Group, University of Queensland in its series Australian Public Policy Program Working Papers with number WPP10_1.
Date of creation: Dec 2010
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Other versions of this item:
- John Quiggin, 2010. "Bad Politics Makes Bad Policy: The Case of Queensland's Asset Sales Programme," Economic Papers, The Economic Society of Australia, vol. 29(1), pages 13-22, 03.
- Quiggin, John, 2010. "Bad Politics makes bad policy: the case of Queensland's Asset Sales Program," Risk and Sustainable Management Group Working Papers 151523, University of Queensland, School of Economics.
- NEP-ALL-2011-04-09 (All new papers)
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- Simon Grant & John Quiggin, 2004.
"The risk premium for equity: implications for resource allocation, welfare and policy,"
Risk & Uncertainty Working Papers
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- Grant, Simon & Quiggin, John, 2004. "The risk premium for equity: implications for resource allocation, welfare and policy," Risk and Sustainable Management Group Working Papers 151167, University of Queensland, School of Economics.
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Levine's Working Paper Archive
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- Stephen King & Rohan Pitchford, 1998. "Privatisation in Australia: Understanding the Incentives in Public and Private Firms," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 31(4), pages 313-328.
- John Quiggin, 1995. "Does Privatisation Pay?," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 28(2), pages 23-42.
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