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dc.contributor.authorGuest, Rossen_US
dc.date.accessioned2017-04-24T09:24:57Z
dc.date.available2017-04-24T09:24:57Z
dc.date.issued2010en_US
dc.date.modified2011-03-07T08:56:15Z
dc.identifier.issn08120439en_US
dc.identifier.doi10.1111/j.1759-3441.2010.00055.xen_AU
dc.identifier.urihttp://hdl.handle.net/10072/36950
dc.description.abstractThis article evaluates the proposed sale of the tolling rights on Queensland Motorways from an economic welfare perspective. Weighing against the sale are arguments about optimal risk allocation and network externalities. In contrast, there is a productive efficiency case in favour of the sale. Privatisation also raises questions about private monopoly power and the delivery of community service obligations, although these could be handled through contract specifications. The sale price is essentially a distributional issue. The back-ofthe- envelope financial analysis here suggests that the mooted sale price of $3 billion would undervalue the asset and therefore transfer net worth from Queensland taxpayers to private investors.en_US
dc.description.peerreviewedYesen_US
dc.description.publicationstatusYesen_AU
dc.languageEnglishen_US
dc.language.isoen_AU
dc.publisherWiley-Blackwell Publishing Asiaen_US
dc.publisher.placeAustraliaen_US
dc.relation.ispartofstudentpublicationNen_AU
dc.relation.ispartofpagefrom23en_US
dc.relation.ispartofpageto33en_US
dc.relation.ispartofissue1en_US
dc.relation.ispartofjournalEconomic Papersen_US
dc.relation.ispartofvolume29en_US
dc.rights.retentionYen_AU
dc.subject.fieldofresearchEconomics not elsewhere classifieden_US
dc.subject.fieldofresearchcode149999en_US
dc.titleThe Proposed Privatisation of Queensland Motorwaysen_US
dc.typeJournal articleen_US
dc.type.descriptionC1 - Peer Reviewed (HERDC)en_US
dc.type.codeC - Journal Articlesen_US
gro.facultyGriffith Business School, Department of Accounting, Finance and Economicsen_US
gro.date.issued2010
gro.hasfulltextNo Full Text


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