IDEAS home Printed from https://ideas.repec.org/a/eee/juipol/v19y2011i3p193-201.html
   My bibliography  Save this article

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

Author

Listed:
  • 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.

Suggested Citation

  • Gorecki, Paul K. & Lyons, Sean & Tol, Richard S.J., 2011. "Public policy towards the sale of state assets in troubled times: Lessons from the Irish experience," Utilities Policy, Elsevier, vol. 19(3), pages 193-201.
    • Handle: RePEc:eee:juipol:v:19:y:2011:i:3:p:193-201
    DOI: 10.1016/j.jup.2011.05.004
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S095717871100035X
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.jup.2011.05.004?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

    Other versions of this item:

    References listed on IDEAS

    as
    1. Paul Gorecki, 2011. "Do you believe in magic? Improving the quality of pharmacy services through restricting entry and aspirational contracts, the Irish experience," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 12(6), pages 521-531, December.
    2. AfDB AfDB, 2011. "MDG Report 2011 - Full Report," MDG Report 334, African Development Bank.
    3. Brick, Aoife & Layte, Richard, 2009. "Recent Trends in the Caesarean Section Rate in Ireland 1999-2006," Papers WP309, Economic and Social Research Institute (ESRI).
    4. Tuohy, Aidan & Bazilian, Morgan & Doherty, Ronan & Gallachóir, Brian Ó & O'Malley, Mark, 2009. "Burning peat in Ireland: An electricity market dispatch perspective," Energy Policy, Elsevier, vol. 37(8), pages 3035-3042, August.
    5. Henry G. Manne, 1965. "Mergers and the Market for Corporate Control," Journal of Political Economy, University of Chicago Press, vol. 73(2), pages 110-110.
    6. Ken Binmore & Paul Klemperer, 2002. "The Biggest Auction Ever: the Sale of the British 3G Telecom Licences," Economic Journal, Royal Economic Society, vol. 112(478), pages 74-96, March.
    7. Henry G. Manne, 1965. "Mergers and the Market for Corporate Control," Journal of Political Economy, University of Chicago Press, vol. 73(4), pages 351-351.
    8. Paul Klemperer, 2004. "Auctions: Theory and Practice," Online economics textbooks, SUNY-Oswego, Department of Economics, number auction1.
    Full references (including those not matched with items on IDEAS)

    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 20:39:54

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Palcic, Dónal & Reeves, Eoin, 2013. "Private equity leveraged buyouts in European telecoms: The case of Eircom," Telecommunications Policy, Elsevier, vol. 37(6), pages 573-582.
    2. McGrath, Luke & Hynes, Stephen & McHale, John, 2019. "Augmenting the World Bank's estimates: Ireland's genuine savings through boom and bust," Ecological Economics, Elsevier, vol. 165(C), pages 1-1.
    3. Gorecki, Paul K., 2011. "The Internal EU Electricity Market: Implications for Ireland," Research Series, Economic and Social Research Institute (ESRI), number RS23.
    4. McGrath, Luke & Hynes , Stephen, 2020. "Approaches to accounting for our natural capital: Applications across Ireland," Working Papers 309501, National University of Ireland, Galway, Socio-Economic Marine Research Unit.
    5. Paul K. Gorecki, 2011. "Economic Regulation: Recentralisation of Power or Improved Quality of Regulation?," The Economic and Social Review, Economic and Social Studies, vol. 42(2), pages 177-211.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Tol, Richard S. J., 2010. "The Research Output of Business Schools and Business Scholars in Ireland," Papers WP364, Economic and Social Research Institute (ESRI).
    2. Gorecki, Paul K. & Tol, Richard S. J., 2011. "The Climate Change Response Bill 2010: An Assessment," Papers WP371, Economic and Social Research Institute (ESRI).
    3. Siedschlag, Iulia, 2009. "Measuring International Technology Spillovers and Progress Towards the European Research Area," Papers WP330, Economic and Social Research Institute (ESRI).
    4. Scott Duke Kominers & Alexander Teytelboym & Vincent P Crawford, 2017. "An invitation to market design," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 33(4), pages 541-571.
    5. Ganuza, Juan José & Viecens, María Fernanda, 2011. "Deployment of high-speed broadband infrastructures during the economic crisis. The case of Xarxa Oberta," Telecommunications Policy, Elsevier, vol. 35(9), pages 857-870.
    6. Saeed Saadat & Muffatto Moreno & Yousafzai Shumaila, 2014. "A Multi-level Study of Entrepreneurship Education among Pakistani University Students," Entrepreneurship Research Journal, De Gruyter, vol. 4(3), pages 297-321, July.
    7. Estrella Alonso & Joaquín Sánchez-Soriano & Juan Tejada, 2020. "Mixed Mechanisms for Auctioning Ranked Items," Mathematics, MDPI, vol. 8(12), pages 1-26, December.
    8. Fabian Muniesa & Michel Callon, 2008. "La performativité des sciences économiques," CSI Working Papers Series 010, Centre de Sociologie de l'Innovation (CSI), Mines ParisTech.
    9. Vadiee, Amir & Martin, Viktoria, 2013. "Energy analysis and thermoeconomic assessment of the closed greenhouse – The largest commercial solar building," Applied Energy, Elsevier, vol. 102(C), pages 1256-1266.
    10. Grosfeld, Irena, 1990. "Reform Economics and Western Economic Theory: Unexploited Opportunities," Economic Change and Restructuring, Springer, vol. 23(1), pages 1-19.
    11. Kaplan, Todd R. & Zamir, Shmuel, 2015. "Advances in Auctions," Handbook of Game Theory with Economic Applications,, Elsevier.
    12. Menezes, Flavio M. & Monteiro, Paulo Klinger, 2006. "Corruption and auctions," Journal of Mathematical Economics, Elsevier, vol. 42(1), pages 97-108, February.
    13. Fang, Baling & Yin, Xiang & Tan, Yi & Li, Canbing & Gao, Yunpeng & Cao, Yijia & Li, Jianliang, 2016. "The contributions of cloud technologies to smart grid," Renewable and Sustainable Energy Reviews, Elsevier, vol. 59(C), pages 1326-1331.
    14. Zhang, Le-Yin, 2004. "The Roles of Corporatization and Stock Market Listing in Reforming China's State Industry," World Development, Elsevier, vol. 32(12), pages 2031-2047, December.
    15. Katia Angue & Cécile Ayerbe & Liliana Mitkova, 2014. "A method using two dimensions of the patent classification for measuring the technological proximity: an application in identifying a potential R&D partner in biotechnology," The Journal of Technology Transfer, Springer, vol. 39(5), pages 716-747, October.
    16. Vadiee, Amir & Martin, Viktoria, 2013. "Thermal energy storage strategies for effective closed greenhouse design," Applied Energy, Elsevier, vol. 109(C), pages 337-343.
    17. Paul Klemperer, 2018. "Product-Mix Auction," Economics Papers 2018-W07, Economics Group, Nuffield College, University of Oxford.
    18. Kamath Shyam J., 1994. "Privatization: A Market Prospect Perspective," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 5(1), pages 53-104, March.
    19. Bhaumik, Sumon Kumar & Dimova, Ralitza, 2004. "How important is ownership in a market with level playing field?: The Indian banking sector revisited," Journal of Comparative Economics, Elsevier, vol. 32(1), pages 165-180, March.
    20. Bappaditya Mukhopadhyay, 2011. "Evaluating Public Procurement," Review of Market Integration, India Development Foundation, vol. 3(1), pages 21-68, April.

    More about this item

    Keywords

    Privatisation; Regulation; Ireland; State assets;
    All these keywords.

    JEL classification:

    • H27 - Public Economics - - Taxation, Subsidies, and Revenue - - - Other Sources of Revenue
    • L32 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Enterprises; Public-Private Enterprises

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:juipol:v:19:y:2011:i:3:p:193-201. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: https://www.sciencedirect.com/journal/utilities-policy .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.