Distributive and Efficiency Effects of British Privatisations

Author/s Diego Piacentino
Publishing Year 1 Issue 2003/2
Language Italian Pages 8 P. File size 110 KB
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This paper is a comment on the Milan study on UK privatisations: I have no problem in recognizing that, in theory, a nationalised industry context may reproduce the results of privatisations as far as the organisational aspect, production and prices are concerned, and leave apart (even if not completely) the distributive effects. That would solve, in practice, a planning problem logically similar (on smaller, company-sectoral scale) to the one discussed in 1936-38 by Lange-Lerner. But in the reality, it seems to me that two kind of difficulties would emerge, on one hand concerning the logical framework of the process, making the calculation of the appropriate solution very very hard, and on the other hand concerning the modus operandi of economic interactions, so that the distributive action tends to retroact on incentives and so on organisation and industrial performance.

Diego Piacentino, Effetti distributivi e di efficienza delle privatizzazioni britanniche: un commento a The Great Divestiture di Massimo Florio in "ECONOMIA PUBBLICA " 2/2003, pp , DOI: