Privatization : an economic analysis

書誌事項

Privatization : an economic analysis

John Vickers and George Yarrow

(MIT Press series on the regulation of economic activity, 18)

MIT Press, c1988

  • : pbk

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注記

Bibliography: p. [431]-441

Includes indexes

内容説明・目次
巻冊次

ISBN 9780262220330

内容説明

This comprehensive analysis of the British privatization program offers insights into recent policies on privatization, competition, and regulation in a country that has by far the greatest experience with this growing worldwide phenomenon.The process of selling assets and enterprises to the private sector raises theoretical questions about natural monopolies, the efficiency and equity of state owned versus privately-owned enterprises, and industrial policy. "Privatization "explores these questions both theoretically and empirically.After providing theoretical perspectives on the economics of ownership, competition, and regulation, the authors assess privatization policies in key industries: telecommunications, energy, transport, and water. They argue that the government's haste to transfer ownership reflects a misplaced priority, and that the main thrust of policy should be to improve industrial efficiency by stimulating competition and, providing effective regulation.
巻冊次

: pbk ISBN 9780262720113

内容説明

This comprehensive analysis of the British privatization program offers insights into recent policies on privatization, competition, and regulation in a country that has by far the greatest experience with this growing worldwide phenomenon. The process of selling assets and enterprises to the private sector raises theoretical questions about natural monopolies, the efficiency and equity of state owned versus privately-owned enterprises, and industrial policy. Privatization explores these questions both theoretically and empirically. After providing theoretical perspectives on the economics of ownership, competition, and regulation, the authors assess privatization policies in key industries: telecommunications, energy, transport, and water. They argue that the government's haste to transfer ownership reflects a misplaced priority, and that the main thrust of policy should be to improve industrial efficiency by stimulating competition and, providing effective regulation. Privatization: An Economic Analysis is included in the series Regulation of Economic Activity, edited by Richard Schmalensee.

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