Approaches to Privatization: Established Models and a U.S. Innovation

Abstract

The outright sale of government assets is probably the most common form of privatization in the United Kingdom.¹ Two primary pricing conventions have been used. Fixed-price stock offerings make single-priced shares available to the public. Tender stock offers, however, do not fix stock prices in advance; thus the price is determined by market forces.

Citation

Chang, S.Y. and Jones, R.A. (2006), "Approaches to Privatization: Established Models and a U.S. Innovation", Otenyo, E.E. and Lind, N.S. (Ed.) Comparative Public Administration (Research in Public Policy Analysis and Management, Vol. 15), Emerald Group Publishing Limited, Leeds, pp. 489-499. https://doi.org/10.1016/S0732-1317(06)15021-6