text:
The Welfare Implications of Oil Privatisation: A Cost-Benefit Analysis of Norway's Statoil
The oil industry is of great economic significance to many countries, and privatisations of National Oil Companies (NOCs) have often been controversial, as have been the benefits from privatisation more generally. We conduct a social cost-benefit analysis of the partial privatisation of Norway's Statoil and estimate net present welfare improvements of at least NOK 166 billion (US$18.4 billion) in 2001 money, which amounts to 11% of Norway's GDP in that year. Savings on investment costs are the most important source of efficiency improvements, and two thirds of the overall benefits accrue at fellow stakeholders in Statoil-led operations. The state manages to capture 66% of the total welfare gain, with the remainder going to private shareholders and no changes to consumer surplus. It is shown that benefits from partial privatisation can be substantial, particularly if ownership change is supported by additional restructuring measures, and that privatisation can be structured with state involvement at several levels, aiming to maximise the public share of benefits.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
|Date of creation:
|11 Mar 2009
|Contact details of provider:
| Web page: http://www.econ.cam.ac.uk/index.htm
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Richard Green & Tanga McDaniel, 1998.
"Competition in electricity supply: will '1998' Be worth it?,"
Fiscal Studies,
Institute for Fiscal Studies, vol. 19(3), pages 273-293, August.
- Green, Richard & McDaniel, Tanga, 1998. "Competition in Electricity Supply: Will '1998' be Worth it?," CEPR Discussion Papers 1814, C.E.P.R. Discussion Papers.
- Newbery, David M & Pollitt, Michael G, 1997. "The Restructuring and Privatization of Britain's CEGB--Was It Worth It?," Journal of Industrial Economics, Wiley Blackwell, vol. 45(3), pages 269-303, September.
- Leroy P. Jones & Pankaj Tandon & Ingo Vogelsang, 1990. "Selling Public Enterprises: A Cost/Benefit Methodology," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262600625, December.
- Anthony E. Boardman & Claude Laurin & Mark A. Moore & Aidan R. Vining, 2009. "A Cost-Benefit Analysis of the Privatization of Canadian National Railway," Canadian Public Policy, University of Toronto Press, vol. 35(1), pages 59-83, March.
- Wolf, C. & Pollitt, M.G., 2008. "Privatising national oil companies: Assessing the impact on firm performance," Cambridge Working Papers in Economics 0811, Faculty of Economics, University of Cambridge.
- Dam, Kenneth W, 1974. "The Evolution of North Sea Licensing Policy in Britain and Norway," Journal of Law and Economics, University of Chicago Press, vol. 17(2), pages 213-263, October.
- Richard Bozec & Mohamed Dia & Gaétan Breton, 2006. "Ownership-efficiency relationship and the measurement selection bias," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 46(5), pages 733-754.
- Nandini Gupta, 2005. "Partial Privatization and Firm Performance," Journal of Finance, American Finance Association, vol. 60(2), pages 987-1015, 04.
- Juliet D'souza & William L. Megginson, 1999. "The Financial and Operating Performance of Privatized Firms during the 1990s," Journal of Finance, American Finance Association, vol. 54(4), pages 1397-1438, 08.
- Boardman, Anthony E & Vining, Aidan R, 1989. "Ownership and Performance in Competitive Environments: A Comparison of the Performance of Private, Mixed, and State-Owned Enterprises," Journal of Law and Economics, University of Chicago Press, vol. 32(1), pages 1-33, April.
- Michael G. Pollitt & Andrew S. J. Smith, 2002.
"The restructuring and privatisation of British Rail: was it really that bad?,"
Fiscal Studies,
Institute for Fiscal Studies, vol. 23(4), pages 463-502, December.
- Pollitt, M. & Smith, A.S.J., 2001. "The Restructuring and Privatisation of British Rail: Was it really that bad?," Cambridge Working Papers in Economics 0118, Faculty of Economics, University of Cambridge.
- Mark A. Moore & Anthony E. Boardman & Aidan R. Vining & David L. Weimer & David H. Greenberg, 2004. ""Just give me a number!" Practical values for the social discount rate," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 23(4), pages 789-812.
- Jean-Jacques Laffont & Jean Tirole, 1993. "A Theory of Incentives in Procurement and Regulation," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262121743, December.
- William L. Megginson & Robert C. Nash & Jeffry Netter & Adam L. Schwartz, 2000. "The Long-Run Return to Investors in Share Issue Privatizations," Financial Management, Financial Management Association, vol. 29(1), Spring.
- Jones, Steven L. & Megginson, William L. & Nash, Robert C. & Netter, Jeffry M., 1999. "Share issue privatizations as financial means to political and economic ends," Journal of Financial Economics, Elsevier, vol. 53(2), pages 217-253, August.
- Jeffry M. Netter & William L. Megginson, 2001. "From State to Market: A Survey of Empirical Studies on Privatization," Journal of Economic Literature, American Economic Association, vol. 39(2), pages 321-389, June.
- Domah, P. & Pollitt, M.G., 2000. "The Restructuring and Privatisation of Electricity Distribution and Supply Businesses in England and Wales: A Social Cost Benefit Analysis," Cambridge Working Papers in Economics 0007, Faculty of Economics, University of Cambridge.
- Welch, Ivo, 1989. " Seasoned Offerings, Imitation Costs, and the Underpricing of Initial Public Offerings," Journal of Finance, American Finance Association, vol. 44(2), pages 421-449, June.
This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.
When requesting a correction, please mention this item's handle: RePEc:cam:camdae:0912. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jake Dyer)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.


text:
United States
Last Known Status: Active
Latest Apothesary News
Below is our complete Apothesary news coverage, including columns and articles pertaining to the band. Some articles listed may be indirectly related, such as side projects of the band members, etc.
Apothesary Posts New Lyric Video
Apothesary's new EP "Sensory Overload" is due to drop at the end of the week (June 24th) and now a lyric video has also come online ahead of that release. Check out a clip for the title track below. You can also see Apothesary live on these coming dates:
June 21 Madison WI - The Frequency w/Psycroptic
June 22 Des Moines IA – Lefty's
June 23 Omaha NE – Lookout Lounge w/American Head Charge and Motograter
June 24 Moorhead MN – The Garage Bar
June 25 Minneapolis MN – Skyway Theater w/American Head Charge, Motograter and Soil
June 28 Ogden UT – Kamikaze's w/Motograter More...
Apothesary Releasing New EP
June 24th marks the release of the brand new EP, "Sensory Overload," from Nor Cal's Apothesary. This young band, average age 21, started making music as 14-year-old friends blending their influences into something they could call their own.
Instead of just hanging out in the garage and dreaming about the possibilities, these teens started releasing independent CDs and touring the country on DIY-booked tours including shows with Killswitch Engage, Dark Tranquillity, Fear Factory, Dying Fetus, Helloween, Suffocation, Warbringer and As I Lay Dying.
Now 7 years later, Apothesary is ready to join the bigger leagues. Having the solid, original core of guitarist vocalist Jared Eandi, drummer Gregg O'Neil and guitar player Clayton Cagle (also of Bay Area thrashers Hatchet) along with new bassist Brittany Shankle, the quartet will hit the road again this summer, including dates opening for American Head Charge, Motograter and Psycroptic. In combination comes a new EP as well.
"We're beyond excited to announce our signing to M-Theory Audio! Finally, 'Sensory Overload' will see the light of day through this fabulous partnership," states guitarist Clayton Cagle. "I've known Marco since Apothesary's Myspace days where I first asked him for feedback on our oldest material. Fast forward seven years, and he's given us advice on everything from how to get good promo, to touring contacts, to even helping orchestrate me playing in Hacher. It's crazy to think that this relationship has come as far as M-Theory releasing our music - and Apothesary couldn't be happier about it!" More...
Apothesary Premieres New Song "1976"
San Francisco, CA's death/thrash outfit Apothesary premieres a new song entitled "1976", taken from the upcoming yet untitled new album, which will be out in stores sometime in 2016.
Check out now "1976" below.
Explains lead guitarist Clayton Cagle: More...
Apothesary Streaming "They All Carry Ghosts"
California's Apothesary has posted the song "They All Carry Ghosts" online, which can be heard in the player below. The track will also be posted online as a free download via Bandcamp on December 25th, 2012. For more info on Apothesary, head over to the band's Facebook profile here.

subset: commoncrawl


text:
Not the right size or colour? No problem! Your order is picked up when & where you like.
Customised products are made just for you and therefore cannot be returned.
Check out our Return Policy for more details.
adidas collects date of birth to comply with the Privacy Policy
Sign me up for adidas emails, featuring exclusive offers, latest product info, news about upcoming events, and more. See our Privacy Policy for details.
You will receive a confirmation to
Custom items are made just for you and will be delivered in 3-4 weeks (Shipping times may vary, see cart for estimated delivery date).
Valid on domestic U.S. orders only.
(174 Products)
Your Selection
Running clothes to keep a clear focus on today. Get the running shirts, tights and shorts you need to put in the miles.


text:
I don't like to write songs just about me, I want somebody with whom I can share 'we', But it seem next to impossible, to search for a better half, Now all I've got is bitterness in my heart,
I feel like a dumb, Nowhere to go, And I am stuck in a park with lovers in a row, Now you can imagine how I feel, When love is in the air and am lonely in my bed, It's painful to see the one you like talk about their love life,
God I wish I had someone, With whom I could hold hands and share 'we', It looks like it's all done, Everybody's set' And am the one who is stuck in the mess, I want to change the genre of my poetry, From blues to hues,
How could I change it when am all sadistic,
So I don't like to write songs just about me, I wish I too had a share of we
© Copyright 2017 maitryee. All rights reserved.
Status: Finished
Genre: Poetry
i like this it has some emotion to it:) im going to look forward to reading more from you. please read and comment on some of my poems i think youll like them:)
Book / Humor
Book / Horror
Paste the link to picture in the entry below:
Paste the link to Youtube video in the following entry:
Cannot annotate a non-flat selection. Make sure your selection starts and ends within the same node.
An annotation cannot contain another annotation.
There was an error uploading your file.