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What Does Privatisation Achieve?—A Comment on Quiggin

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  • Simon Domberger

Abstract

John Quiggin's ‘Does Privatisation Pay?’ is critically assessed in this short article. The following issues are specifically addressed: un‐derpricing, sovereign risk, the equity premium, fiscal illusion, welfare considerations, and the efficiency of private and public enterprises. The article concludes that privatisation need not be a poor economic bargain for the community and that it ought to be considered on a case‐by‐case basis.

Suggested Citation

  • Simon Domberger, 1995. "What Does Privatisation Achieve?—A Comment on Quiggin," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 28(2), pages 43-47, April.
    • Handle: RePEc:bla:ausecr:v:28:y:1995:i:2:p:43-47
    DOI: 10.1111/j.1467-8462.1995.tb00887.x
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    Cited by:

    1. Grant, S. & Quiggin, J., 2001. "Noise Trader Risk and the Political Economy of Privatization," Other publications TiSEM d078de12-794d-4bb4-b230-5, Tilburg University, School of Economics and Management.
    2. John Quiggin, 2009. "Six Refuted Doctrines," Economic Papers, The Economic Society of Australia, vol. 28(3), pages 239-248, September.

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