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001385927 020__ $$a9780262272865$$q(electronic bk.)
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001385927 020__ $$a1417560460
001385927 020__ $$a9781417560462
001385927 035__ $$a(OCoLC)57183417$$z(OCoLC)992010681$$z(OCoLC)1038635697
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001385927 08204 $$a362.941/09/048$$222
001385927 1001_ $$aFlorio, Massimo.
001385927 24514 $$aThe great divestiture :$$bevaluating the welfare impact of the British privatizations, 1979-1997 /$$cMassimo Florio.
001385927 260__ $$aCambridge, Mass. :$$bMIT Press,$$c©2004.
001385927 300__ $$a1 online resource (xvi, 424 pages) :$$billustrations
001385927 336__ $$atext$$btxt$$2rdacontent
001385927 337__ $$acomputer$$bc$$2rdamedia
001385927 338__ $$aonline resource$$bcr$$2rdacarrier
001385927 506__ $$aAccess limited to authorized users.
001385927 520__ $$aThe privatization carried out under the Thatcher and Major governments in Britain has been widely (although not universally) considered a success, and has greatly influenced the privatization of state industries in the transition economies of Eastern Europe. Massimo Florio's systematic analysis is the first comprehensive treatment of the overall welfare impact of this broad national policy of divestiture. Using the tools of social cost-benefit analysis, Florio assesses the effect of privatization on consumers, taxpayers, firms, shareholders, and workers. His conclusion may be surprising to some; his findings suggest that the changeover to private ownership per se had little effect on long-term trends in prices and productivity in Britain and contributed to regressive redistribution.After historical and theoretical overviews of privatization and a look at macroeconomic trends in the Thatcher-Major era, Florio considers in detail the microeconomic effects of British privatization on several key groups. In successive chapters, he examines firms and productivity changes; shareholders' windfall gains and evidence of underpricing and outperformance in privatized companies; workers, management, and changes in industrial relations; consumers and the quantity and quality of goods after the change to public ownership; and taxpayers and the interplay between privatization and tax reform. He follows these chapters with a case study of British Telecom--significant not only because it was the largest divestiture of the period but also because of its influence on subsequent telecommunications privatization elsewhere. The final chapter considers the overall quantitative impact of the Thatcher-Major privatization on all sectors and its relationship with regulation and liberalization. The Great Divestiture not only offers an exhaustive analysis of the effects of the British process of privatization but also illustrates a method of inquiry and a testable research approach that could prove to be useful in similar studies of other countries.
001385927 588__ $$aOCLC-licensed vendor bibliographic record.
001385927 650_0 $$aPublic welfare$$zGreat Britain.
001385927 650_0 $$aPrivatization$$zGreat Britain.
001385927 650_0 $$aPublic welfare.
001385927 650_0 $$aPrivatization.
001385927 651_0 $$aGreat Britain$$xSocial policy$$y1979-
001385927 653__ $$aECONOMICS/International Economics
001385927 653__ $$aECONOMICS/Political Economy
001385927 655_0 $$aElectronic books
001385927 852__ $$bebk
001385927 85640 $$3MIT Press$$uhttps://univsouthin.idm.oclc.org/login?url=https://doi.org/10.7551/mitpress/3354.001.0001?locatt=mode:legacy$$zOnline Access through The MIT Press Direct
001385927 85642 $$3OCLC metadata license agreement$$uhttp://www.oclc.org/content/dam/oclc/forms/terms/vbrl-201703.pdf
001385927 909CO $$ooai:library.usi.edu:1385927$$pGLOBAL_SET
001385927 980__ $$aBIB
001385927 980__ $$aEBOOK
001385927 982__ $$aEbook
001385927 983__ $$aOnline