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Zusatztext `this book provides the reader with a rigorous framework for analysing issues such as the sources of inefficiency in the publicly owned firm, the effect of alternative forms of regulation on efficiency, and the role of trade unions in the privatization process, and more. The book treats those complex subjects thoroughly'Journal of Comparative Economics Klappentext In the United Kingdom, some of the most important public utilities such as telecommunications, gas, and electricity have recently been privatized. Following unification, Germany is privatizing an entire economy. This book examines privatization, not previously subjected to rigorous economic analysis, providing a comprehensive and thorough survey of arguments both for and against it. The author discusses both positive and welfare-economic approaches dealing with the complex transitional problems moving from public to private ownership. He also examines central issues of privatization--why efficiency increases can be expected as a result of privatization, whether full privatization coupled with subsequent regulation is better than partial privatization with the government regulating from within the firm. He also looks at the role of trade unions in the privatization process. Zusammenfassung This study aims to provide a survey of the arguments for and against privatization. Both positive and welfare-economic approaches are examined, in order to deal with the complex problems of the transition from public to private ownership. Inhaltsverzeichnis Arguments on Privatization; Part I: Theoretical Background; Part II: Positive Theory; Part III: Normative Theory
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