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Comments on: Keeping it Kiwi/Asset sales http://www.tvhe.co.nz/2008/11/05/keeping-it-kiwiasset-sales/ The Visible Hand in Economics Thu, 06 Nov 2008 06:44:48 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Ptáček kiwi | Příliv Roztomilosti http://www.tvhe.co.nz/2008/11/05/keeping-it-kiwiasset-sales/#comment-3296 Thu, 06 Nov 2008 06:44:48 +0000 http://tvhe.wordpress.com/?p=1885#comment-3296 […] Keeping it Kiwi/Asset sales « The visible hand in economics […]

]]> By: agnitio http://www.tvhe.co.nz/2008/11/05/keeping-it-kiwiasset-sales/#comment-3295 Wed, 05 Nov 2008 21:56:11 +0000 http://tvhe.wordpress.com/?p=1885#comment-3295 Matt made an interesting post about the the government owning the rails whent eh buy abck was announced

http://tvhe.wordpress.com/2008/05/06/why-is-the-nz-government-buying-the-rail-lines/

As you can see he was not entirely convinced. At the end of the day, if the government is going to own something like the railways I would like to see a case made for it along the lines of the points Matt raises, not because we get warm fuzzies from calling it Kiwi rail instead of Toll

]]> By: Steve http://www.tvhe.co.nz/2008/11/05/keeping-it-kiwiasset-sales/#comment-3294 Wed, 05 Nov 2008 21:25:10 +0000 http://tvhe.wordpress.com/?p=1885#comment-3294 Well the point when asset sales become “wrong” is when they cannot be regulated the way those markets should be. It does become a four letter word if the government sells it anyway when they cannot find a way to properly regulate (or deregulate) the market so that we end up with the best outcomes for society. If lack of regulation (or regulation itself) causes a market failure then that again is the implementation. However if the market cannot be regulated (not exactly sure of an example but maybe that there doesn’t seem to be a decent way of “unbundling” railway lines or postal services??) then perhaps there are arguments that the asset should remain in state ownership.

]]> By: agnitio http://www.tvhe.co.nz/2008/11/05/keeping-it-kiwiasset-sales/#comment-3293 Wed, 05 Nov 2008 00:55:07 +0000 http://tvhe.wordpress.com/?p=1885#comment-3293 “implementation is the problem, not the sale of assets itself.”

I fully agree, I often find when i talk to people about asset sales they don’t seperate a discussion of whether or not the state should actaully own an a specific asset from whether or not the asset was sold “too cheap”. As an economist this is quite frustrating as they are fundamentally distinct issues.

If assets were sold too cheap (I lack the knowledge of the deals to comment) that is a bad thing, it doesn’t however justify the current treatment by some of “asset sales” as a four letter word.

]]> By: Steve http://www.tvhe.co.nz/2008/11/05/keeping-it-kiwiasset-sales/#comment-3292 Wed, 05 Nov 2008 00:40:58 +0000 http://tvhe.wordpress.com/?p=1885#comment-3292 implementation is the problem, not the sale of assets itself. The best example I know of is regulation to prevent market failure such as Telecom monopoly etc.

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