So the money either goes to government or the telcos' employees and shareholders. It's a valid goal for the government to attempt not to undersell the asset, bu

So the money either goes to government or the telcos' employees and shareholders. It's a valid goal for the government to attempt not to undersell the asset, but as you say it's primarily a transfer. If you want an example that changes more than market prices, have a look at Roth's work on matching for hospitals, schools and organs: https://www.google.co.uk/url?sa=t&source=web&rct=j&url=http://www.nobelprize.org/nobel_prizes/economic-sciences/laureates/2012/popular-economicsciences2012.pdf&ved=0ahUKEwiylv-1gMnRAhXmJcAKHa-9DK0QFgg1MAI&usg=AFQjCNHR0sQAdtUdaxy6uJhd0np917-zpA&sig2=Z8UCv7AUPgB26C7tcEFIcA https://www.google.co.uk/url?sa=t&source=web&rct=j&url=http:...