
Privatization
An Economic Analysis
MIT Press
Published on 15. May 1988
Book
Paperback/Softback
454 pages
978-0-262-72011-3 (ISBN)
Description
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.
More details
Series
Language
English
Place of publication
Cambridge, Mass.
United States
Publishing group
MIT Press Ltd
Target group
College/higher education
Professional and scholarly
US School Grade: College Graduate Student and over
Product notice
Paperback (trade)
Dimensions
Height: 229 mm
Width: 152 mm
Thickness: 28 mm
Weight
612 gr
ISBN-13
978-0-262-72011-3 (9780262720113)
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Schweitzer Classification
Persons
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.