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"The 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 charges; 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."--BOOK JACKET.
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1
Great Divestiture: Evaluating the Welfare Impact of the British Privatizations, 1979-1997
2006, MIT Press
in English
0262308290 9780262308298
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2
Great Divestiture: Evaluating the Welfare Impact of the British Privatizations, 1979-1997
2006, MIT Press
in English
0262272865 9780262272865
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3
The Great Divestiture: Evaluating the Welfare Impact of the British Privatizations, 1979-1997
September 1, 2006, The MIT Press
Paperback
in English
- New Ed edition
0262562227 9780262562225
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4
Great Divestiture: Evaluating the Welfare Impact of the British Privatizations, 1979-1997
2004, MIT Press
in English
1417560460 9781417560462
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5
The Great Divestiture: Evaluating the Welfare Impact of the British Privatizations, 1979-1997
June 1, 2004, The MIT Press
Hardcover
in English
0262062402 9780262062404
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