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Privatisation (Asset Sales) in New Zealand, 1987–1992

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  • Michael Williams

Abstract

It is argued that New Zealand's privatisation programme is unlikely to meet its main overt objective of easing fiscal problems. In the case of sales of major public utilities, neither allocative, internal nor social efficiency are likely to be enhanced either. A brief history, and calendar, of the asset sales programme is provided.

Suggested Citation

  • Michael Williams, 1992. "Privatisation (Asset Sales) in New Zealand, 1987–1992," The Economic and Labour Relations Review, , vol. 3(2), pages 43-71, December.
    • Handle: RePEc:sae:ecolab:v:3:y:1992:i:2:p:43-71
    DOI: 10.1177/103530469200300203
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    References listed on IDEAS

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    1. Leroy P. Jones & Pankaj Tandon & Ingo Vogelsang, 1990. "Selling Public Enterprises: A Cost/Benefit Methodology," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262600625, December.
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    3. Foreman-Peck, James & Waterson, Michael, 1985. "The Comparative Efficiency of Public and Private Enterprise in Britain: Electricity Generation between the World Wars," Economic Journal, Royal Economic Society, vol. 95(380a), pages 83-95, Supplemen.
    4. Brock, William A, 1983. "Contestable Markets and the Theory of Industry Structure: A Review Article," Journal of Political Economy, University of Chicago Press, vol. 91(6), pages 1055-1066, December.
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