Privatization and Economic Performance

This book is essential reading for anyone holding shares, or having anything to do with a privatized industry; it also provides, in fast-flowing prose, invaluable lessons - some gained through painful experience - to the proponents of privatization in countries such as the Czech Republic, Slovakia, Poland, Hungary and Russia on the successes and failures of Britain's experiments.'Business East MidlandsExcellent text on very important area for any Applied Economics course.‘Mr L.J. Bussell, University of TeesideThis book provides a good overview of the key issues facing the newly privatized companies. Should be extremely useful to the students.'Dr Tom McGovern, University of NewcastleLike most anthologies, this compilation of intelligently written articles offers the reader an opportunity to sample and taste.‘ChoiceThere is sufficient focus on the theoretical, empirical and sector-specific issues involved to make it required reading for students, policy makers and practitioners in this increasingly contentious field ... The real strength of the book lies in its breadth ... a clearly written economic survey of privatisation from both a theoretical and empirical perspective. It will be particularly useful for the insights it provides on the operationalcharacteristics, cost structures and demand conditions of the industries concerned and the way these have shaped privatization and subsequent performance. It is a valuable addition to the literature.'Times Higher Education SupplementThis is a welcome addition to the expanding literature evaluating the UK’s programme of privatisation and consequent regulation … The authors display a variety of approaches, styles, aims, and views.‘The Economic Journal

John Kay is at London Business School.