ABSTRACT
While Chapter 11 provides some methodological indications for carrying out the project ex-post evaluation, building on the recent experience of evaluation at the European Commission, in this chapter an example of the ex-post evaluation of the welfare impact of a reform is proposed. In particular, the chapter shows a possible approach to assessing the welfare implications of a policy measure, such as privatization, focusing on one specific case: the privatization episode of British Telecom in 1984. The suggested methodology and the empirical exercise can be taken as a framework and template, respectively, and can be adapted and applied to other privatization episodes. The aim is to shed light not merely on the welfare effects of this particular policy measure, but especially on the evaluation approach to be empirically used in the ex-post evaluation of a reform.
