Much has been written about the current trend toward privatization of public enterprises. Selling Public Enterprise is the first book, however, to use economic logic to develop a quantitative approach to making divestiture decisions. Using the standard tools of applied microeconomics, the authors propose a method of valuing state-owned firms both before and after divestiture by the government. Their valuation method offers significant advantages over those commonly in use (such as book value of assets) and can provide governments with a reliable means of evaluating the costs and benefits of reforming state-owned enterprise policies and procedures.  Selling Public Enterprise focuses on the pivotal questions of whether the enterprise should be sold, to whom should it be sold, and at what price. It identifies the social value of the enterprise under continued government operation, the social value under private operation, and the private value under private operation as being critical in determining the answers to these questions. In each case "social value" indicates the economic promise of such a venture to both households and firms of the country involved.  The authors take up such topics as shadow pricing, the basic framework of welfare aggregation, the valuation of public income, private income and investment income, base flows and stocks, and the effect of sale prices on public and private values. They discuss the possibility of synergies and strategic behavior and present both a valuation algorithm and a sensitivity analysis. In the concluding chapters they address distributional realities and describe various dimensions of divestiture policy such as lifting constraints on enterprise behavior, improving the net benefit of divestiture, and coping with political constraints.  The authors all teach at Boston University. Leroy Jones and Ingo Vogelsang are Professors of Economics and Pankaj Tandon is Associate Professor of Economics.

Selling Public Enterprises: A Cost-Benefit Methodology

Business & Money

Vogelsang, Ingo

Tandon, Pankaj

Jones, Leroy P.

Economics

Mit Pr

Much has been written about the current trend toward privatization of public enterprises. Selling Public Enterprises is the first book, however, to use economic logic to develop a quantitative approach to making divestiture decisions. Using the standard tools of applied microeconomics, the authors propose a method of valuing state-owned firms both before and after divestiture by the government. Their valuation method offers significant advantages over those commonly in use (such as book value of assets) and can provide governments with a reliable means of evaluating the costs and benefits of reforming state-owned enterprise policies and procedures.Selling Public Enterprises focuses on the pivotal questions of whether the enterprise should be sold, to whom should it be sold, and at what price. It identifies the social value of the enterprise under continued government operation, the social value under private operation, and the private value under private operation as being critical in determining the answers to these questions. In each case "social value" indicates the economic promise of such a venture to both households and firms of the country involved.The authors take up such topics as shadow pricing, the basic framework of welfare aggregation, the valuation of public income, private income and investment income, base flows and stocks, and the effect of sale prices on public and private values. They discuss the possibility of synergies and strategic behavior and present both a valuation algorithm and a sensitivity analysis. In the concluding chapters they address distributional realities and describe various dimensions of divestiture policy such as lifting constraints on enterprise behavior, improving the net benefit of divestiture, and coping with political constraints.The authors all teach at Boston University. Leroy Jones and Ingo Vogelsang are Professors of Economics and Pankaj Tandon is Associate Professor of Economics.

Selling Public Enterprises: A Cost-Benefit Methodology (MIT Press Classics)

MIT Press]

The past decade has seen a surge of pricing innovations in the U.S. telecommunications industry. This book systematically reviews recent innovations in the economic theory of pricing and extends results to the conditions that characterize telecommunications markets. The authors develop and illuminate the normative theory of pricing--with its objectives of social welfare, economic efficiency and fairness--and compare it with the practice of business and regulators.

Telecommunications Pricing: Theory and Practice

Mitchell, Bridger M.

Cambridge University Press

This policy-oriented book looks at the effects of and reasons behind public enterprise divestiture in economies where capitalism and socialism are combined. Case studies from Chile, Malaysia, Mexico, and the United Kingdom are used to assess the basic question of whether or not a country is better or worse off as a result of the divestiture of its public enterprises. A comparison of performance of individual enterprises before and after the divestiture act is part of the approach taken in this book.

Welfare Consequences of Selling Public Enterprises: An Empirical Analysis : A Summary

Jones, Leroy

Galal, Ahmed

World Bank

This text captures the effects of alternative telecommunications technologies offering access to the switched telephone networks in the marketplace for local telecommunications services.

Telecommunications Competition:: The Last Ten Miles (AEI Studies in Telecommunications Deregulation)

AEI Press

Have you ever wondered how your telephone company or Internet service provider can give you access to almost all people in the world, or how electricity suppliers can compete with each other if there is only one electric supply line passing through your street? This Element deals with the economics and public regulation of such network industries. It puts particular emphasis on the specific economic concepts used for analyzing them and on the regulatory reform movement and the compatibility of regulation and competition. Worldwide most of these industries have changed dramatically in recent years, telecommunications in particular. Network industries mostly exhibit economies of scale in production and similar economies in consumption. Both of these properties cause market power problems that often require industry-specific regulation. However, due to technological and market changes network policies have moved on from end-user regulation to wholesale regulation and in some cases to deregulation.

The Economics and Regulation of Network Industries (Elements in Public Economics)

See the best price to sell, buy, or rent books by Vogelsang, Ingo. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Books by Vogelsang, Ingo

See the best price to sell, buy, or rent books by Vogelsang, Ingo. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Selling Public Enterprises: A Cost-Benefit Methodology

Selling Public Enterprises: A Cost-Benefit Methodology (MIT Press Classics)

Telecommunications Pricing: Theory and Practice

Telecommunications Pricing: Theory and Practice

Welfare Consequences of Selling Public Enterprises: An Empirical Analysis : A Summary

Telecommunications Competition:: The Last Ten Miles (AEI Studies in Telecommunications Deregulation)

The Economics and Regulation of Network Industries (Elements in Public Economics)