Privatization: An Economic Analysis (M I T PRESS SERIES ON THE REGULATION OF ECONOMIC ACTIVITY) - Hardcover

Vickers, John

Hardcover

ISBN 10: 0262220334 ISBN 13: 9780262220330

Verlag: MIT Press, 1988

Inhaltsangabe

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.

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Über die Autorinnen und Autoren

Sir John Vickers is Drummond Professor of Political Economy at Oxford University.

George Yarrow is Director of the Oxford based Regulatory Policy Institute, an independent, charitable organization dedicated to the study of all aspects of regulation and deregulation. He is also an Emeritus Fellow of Hertford College, Oxford.

Details zur Ausgabe

• Verlag: MIT Press
• Erscheinungsdatum: 1988
• Sprache: Englisch
• ISBN 10: 0262220334
• ISBN 13: 9780262220330
• Einband: Gebundene Ausgabe
• Anzahl der Seiten: 469
• Kontakt zum Hersteller: Nicht verfügbar
• Verantwortliche Person: Nicht verfügbar