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The Privatization of New Zealand Rail Part 2: Quantitative Cost Benefit Analysis

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  • The New Zealand Institute for the Study of Competition and Regulation

Abstract

In this study we estimate the social impact of privatisation by means of cost-benefit analysis. It includes assessing the performance of the privatised firm against counterfactual situations and examining economic efficiency at points in time as well as assessing the dynamic efficiency of investment.

Suggested Citation

  • The New Zealand Institute for the Study of Competition and Regulation, 1999. "The Privatization of New Zealand Rail Part 2: Quantitative Cost Benefit Analysis," Working Paper Series 19024, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation.
    • Handle: RePEc:vuw:vuwcsr:19024
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    File URL: https://ir.wgtn.ac.nz/handle/123456789/19024
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    References listed on IDEAS

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    1. Andrei Shleifer, 1998. "State versus Private Ownership," Journal of Economic Perspectives, American Economic Association, vol. 12(4), pages 133-150, Fall.
    2. Anderson, Simon P. & de Palma, Andre & Thisse, Jacques-Francois, 1997. "Privatization and efficiency in a differentiated industry," European Economic Review, Elsevier, vol. 41(9), pages 1635-1654, December.
    3. Lewis Evans & Arthur Grimes & Bryce Wilkinson, 1996. "Economic Reform in New Zealand 1984-95: The Pursuit of Efficiency," Journal of Economic Literature, American Economic Association, vol. 34(4), pages 1856-1902, December.
    4. David Boles De Boer & Lewis Evans, 1996. "The Economic Efficiency of Telecommunications in a Deregulated Market: The case of New Zealand," The Economic Record, The Economic Society of Australia, vol. 72(216), pages 24-35, March.
    5. E. P. Neale, 1931. "The Railway Situation In New Zealand," The Economic Record, The Economic Society of Australia, vol. 7(1), pages 71-81, May.
    6. Catherine D. Wolfram, 1998. "Increases in Executive Pay Following Privatization," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 7(3), pages 327-361, September.
    7. John W. Kendrick, 1973. "Postwar Productivity Trends in the United States, 1948–1969," NBER Books, National Bureau of Economic Research, Inc, number kend73-1.
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    Keywords

    privatization; Tranz Rail;

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