Items related to Selling Public Enterprises: A Cost-Benefit Methodology
Much has been written about the current trend toward privatization of public enterprises. Selling Public Enterprise is the first book, however, to use economic logic to develop a quantitative approach to making divestiture decisions. Using the standard tools of applied microeconomics, the authors propose a method of valuing state-owned firms both before and after divestiture by the government. Their valuation method offers significant advantages over those commonly in use (such as book value of assets) and can provide governments with a reliable means of evaluating the costs and benefits of reforming state-owned enterprise policies and procedures.
Selling Public Enterprise focuses on the pivotal questions of whether the enterprise should be sold, to whom should it be sold, and at what price. It identifies the social value of the enterprise under continued government operation, the social value under private operation, and the private value under private operation as being critical in determining the answers to these questions. In each case "social value" indicates the economic promise of such a venture to both households and firms of the country involved.
The authors take up such topics as shadow pricing, the basic framework of welfare aggregation, the valuation of public income, private income and investment income, base flows and stocks, and the effect of sale prices on public and private values. They discuss the possibility of synergies and strategic behavior and present both a valuation algorithm and a sensitivity analysis. In the concluding chapters they address distributional realities and describe various dimensions of divestiture policy such as lifting constraints on enterprise behavior, improving the net benefit of divestiture, and coping with political constraints.
The authors all teach at Boston University. Leroy Jones and Ingo Vogelsang are Professors of Economics and Pankaj Tandon is Associate Professor of Economics.
Selling Public Enterprise focuses on the pivotal questions of whether the enterprise should be sold, to whom should it be sold, and at what price. It identifies the social value of the enterprise under continued government operation, the social value under private operation, and the private value under private operation as being critical in determining the answers to these questions. In each case "social value" indicates the economic promise of such a venture to both households and firms of the country involved.
The authors take up such topics as shadow pricing, the basic framework of welfare aggregation, the valuation of public income, private income and investment income, base flows and stocks, and the effect of sale prices on public and private values. They discuss the possibility of synergies and strategic behavior and present both a valuation algorithm and a sensitivity analysis. In the concluding chapters they address distributional realities and describe various dimensions of divestiture policy such as lifting constraints on enterprise behavior, improving the net benefit of divestiture, and coping with political constraints.
The authors all teach at Boston University. Leroy Jones and Ingo Vogelsang are Professors of Economics and Pankaj Tandon is Associate Professor of Economics.
"synopsis" may belong to another edition of this title.
About the Author:
Leroy Jones is a Professor of Economics at Boston University.
"About this title" may belong to another edition of this title.
- PublisherMit Pr
- Publication date1990
- ISBN 10 026210041X
- ISBN 13 9780262100410
- BindingHardcover
- Edition number1
- Number of pages254
Buy New
Learn more about this copy
US$ 164.54
Shipping:
US$ 31.31
From United Kingdom to U.S.A.
Top Search Results from the AbeBooks Marketplace
Stock Image
Selling Public Enterprises: A Cost/Benefit Methodology
Published by
The MIT Press
(1990)
ISBN 10: 026210041X
ISBN 13: 9780262100410
New
Hardcover
Quantity: 1
Seller:
Rating
Book Description Hardcover. Condition: New. New. book. Seller Inventory # D8S0-3-M-026210041X-6
Buy New
US$ 164.54
Convert currency