A critical review of the proposal for the privatization of roads in Australia : a policy in search of a rationale?

Moorcroft, Karen. (1991). A critical review of the proposal for the privatization of roads in Australia : a policy in search of a rationale? Honours Thesis, School of Economics, The University of Queensland.

       
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Author Moorcroft, Karen.
Thesis Title A critical review of the proposal for the privatization of roads in Australia : a policy in search of a rationale?
School, Centre or Institute School of Economics
Institution The University of Queensland
Publication date 1991
Thesis type Honours Thesis
Total pages 142
Language eng
Subjects 14 Economics
Formatted abstract Privatization has become a buzzword in economic circles. However, the privatization of the road supply sector, is different from public 'business' enterprises, in that there is an objective other than to improve the efficiency of operation. Privatization of the road supply is tantamount to the government admitting its failure in its inability to adequately serve the needs of the road using public. Hence, private supply is seen as a revenue resource by which political and economic obligations can be met. This thesis will examine the consequences of this proposal. The first best solution to the revenue constraint is however, to introduce a more sophisticated price mechanism and to adopt an efficient investment criteria. This thesis will seek to examine this proposition in light of the constraints which exist in the real world.

 
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