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Infrastructure and public utilities privatization in developing countries [electronic resource] / Emmanuelle Auriol, Pierre M. Picard, Research working paper Collection Title:Policy.

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Auriol, Emmanuelle

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Computer fileSeries: Policy research working papers (Online) ; 3950.Publication details: [Washington, D.C. : World Bank, 2006]Description: 42 p. ill. 22 cmSubject(s):

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Abstract: "The paper analyzes governments' tradeoff between fiscal benefits and consumer surplus in privatization reforms of noncompetitive industries in developing countries. Under privatization, the control rights are transferred to private interests so that public subsidies decline. This benefit for tax-payers comes at the cost of price increases for consumers. In developing countries, tight budget constraints imply that privatization may be optimal for low profitability segments. For highly profitable public utilities, the combination of allocative inefficiency and critical budgetary conditions may favor public ownership. Finally, once a market segment gives room for more than one firm, governments prefer to regulate the industry. In the absence of a credible regulatory agency, regulation is achieved through public ownership. "--World Bank web site.

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Item type	Current library	Home library	Call number	Status	Barcode
Books	Main Campus Library	University of Eastern Africa, Baraton	Spc HG 3881.5 .W57 (Browse shelf(Opens below))	Available	64876

Title from PDF file as viewed on 8/28/2006.

Includes bibliographical references.

"The paper analyzes governments' tradeoff between fiscal benefits and consumer surplus in privatization reforms of noncompetitive industries in developing countries. Under privatization, the control rights are transferred to private interests so that public subsidies decline. This benefit for tax-payers comes at the cost of price increases for consumers. In developing countries, tight budget constraints imply that privatization may be optimal for low profitability segments. For highly profitable public utilities, the combination of allocative inefficiency and critical budgetary conditions may favor public ownership. Finally, once a market segment gives room for more than one firm, governments prefer to regulate the industry. In the absence of a credible regulatory agency, regulation is achieved through public ownership. "--World Bank web site.