This paper investigates the effects of the UK privatization process by estimating changes in household welfare on the basis of real relative price changes. As measured on the basis of price changes at the consumer level, privatization has generated aggregate welfare gains for households. When exogenous input costs in the production process are controlled for, it is noted that the role of privatization is more limited, being between 15% and 50% of the total welfare change obtained after privatization has taken place.

Liberati, P. (2005). UK Privatization and household welfare. FINANZARCHIV, 61(2), 220-255 [10.1628/0015221054553584].

UK Privatization and household welfare

LIBERATI, PAOLO
2005-01-01

Abstract

This paper investigates the effects of the UK privatization process by estimating changes in household welfare on the basis of real relative price changes. As measured on the basis of price changes at the consumer level, privatization has generated aggregate welfare gains for households. When exogenous input costs in the production process are controlled for, it is noted that the role of privatization is more limited, being between 15% and 50% of the total welfare change obtained after privatization has taken place.
2005
Liberati, P. (2005). UK Privatization and household welfare. FINANZARCHIV, 61(2), 220-255 [10.1628/0015221054553584].
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11590/120556
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