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Impactos de bem-estar da privatização de infra-estrutura

Author

Listed:
  • Ricardo Antonio de Castro Pereira

    (CAEN/UFC - UFC)

  • Pedro Cavalcanti Ferreira

    (EPGE-FGV)

Abstract

This paper deals with the welfare and long run allocation impacts of privatization. There are two types of capital in this model economy, one exclusively private and the other has public good features, denominated infrastructure, which is offered by both public and private sectors. A positive externality due to infrastructure capital is assumed. So the government can improve upon decentralized allocations by way of internalizing the externality. Public investment is financed through distortionary taxation. It is shown that the welfare net gains of privatization depend on the quality and quantity of the private infrastructure supply. Furthermore, those net gains are strongly related to the quality control of the new private infrastructure supply that emerges after the privatization policy.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Ricardo Antonio de Castro Pereira & Pedro Cavalcanti Ferreira, 2008. "Impactos de bem-estar da privatização de infra-estrutura," Anais do XXXVI Encontro Nacional de Economia [Proceedings of the 36th Brazilian Economics Meeting] 200807211501060, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    • Handle: RePEc:anp:en2008:200807211501060
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    References listed on IDEAS

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