Welfare Consequences of Selling Public Enterprises: An Empirical Analysis (World Bank Publication)

Examines the outcome of divestiture through 12 case studies in Chile, Malaysia, Mexico, and the United Kingdom. This book presents an empirical study of public enterprise divestiture. Through 12 comprehensive case studies in four countries, the authors measure the effects of divestiture on sellers, buyers, consumers, workers, and competitors. The enterprises analyzed are in aviation, energy, telecommunications, transportation and shipping, and gambling. The study also compares the performance of the individual enterprises before and after divestiture. The main findings are that while the road to success in each case varied dramatically, in 11 of the 12 examples divestiture benefited the country and all the participants involved. The final chapters synthesize the results from the case studies and present instances of successful and unsuccessful methods of divestiture. Published for the World Bank by Oxford University Press.Leroy Jones is the author of 'Welfare Consequences of Selling Public Enterprises: An Empirical Analysis (World Bank Publication)', published 1994 under ISBN 9780195209952 and ISBN 0195209958.