Privatisation and Regulation: A Review of the Issues

1. Privatization and regulation - a review of the issues, Peter M. Jackson and Catherine M. Price: fiscal crisis; the new model; theoretical foundations; privatisation and regulation; the political dimension; the achievements; privatisation and developing countries; privatisation in centrally planned economies; decentralisation and the contract state; privatisation and efficiency. Part 2 Divestiture of public sector assets, Mike Wright and Steve Thompson: the rationale, form and method of privatisation; privatisation issues; privatisation in Central and Eastern Europe; conclusions. Part 3 Economic regulation of privatised monopolies, Catherine Price: objectives of regulation; models of regulation; regulatory development in the UK; characteristics of regulation and their development. Part 4 Deregulation, Tom Weyman-Jones: traditional views on regulation; models for analysing deregulation I: contestability; models for analysing deregulation II: public choice theory; applications of the deregulation models; auctions and broadcasting deregulation; future deregulation and the access issue; assessing the gains and losses from deregulation. Part 5 The new public sector management - surrogate competition and contracting out, Peter M. Jackson: the new public sector management; internal/quasi markets; managed competition - the NHS; contracting out - local authority services; local management of schools; decentralisation and contracting - central government; problems within the PSM paradigm. Part 6 Nationalisation, privatisation, and agency status within government - testing for the importance of ownership, David Parker and Julia O'Connell Davidson: the case for privatisation; the organisations studied and the performance measures used; results. Part 7 Metamorphosis? Privatisation and the restructuring of management and labour: privatisation and restructuring - an overview; privatisation and organisational structures; markets, profits and efficiency. Part 8 Markets in health care, Ray Robinson: market failure and government intervention; the new style NHS market; objectives and performance in the new health market. Part 9 Privatisation in the former centrally planned economies, Timothy Ash et al: why privatise?; special problems of privatisation in the former CPEs; the design of privatisation programmes in the former CPEs; privatisation in practice - a case study of Poland. Part 10 Privatisation in less developed countries, Catherine Price: privatisation and LDC characteristics; market and government failure; macro-economic and distributional factors; forms and sequencing of privatisation; political factors.