PRIVATIZATION: AN ECONOMIC ANALYSIS

VICKERS, John, and YARROW, George

Published by The MIT Press, 1989
ISBN 10: 0262220334 / ISBN 13: 9780262220330
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Large octavo, dark blue and red wraps, xii + 454pp., tables, figures. Very small tear at wraps corner, taped, and not sigificantly affecting an otherwise near-fine copy. Bookseller Inventory #

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Synopsis: 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.

About the Author: Sir John Vickers is Drummond Professor of Political Economy at Oxford University.

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Bibliographic Details

Title: PRIVATIZATION: AN ECONOMIC ANALYSIS
Publisher: The MIT Press
Publication Date: 1989
Binding: Soft Cover
Edition: Third Printing

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Vickers, J & Yarrow, G
Published by MIT Press (1988)
ISBN 10: 0262220334 ISBN 13: 9780262220330
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Book Description The MIT Press, 1988. Book Condition: Good. 1st. Shows some signs of wear, and may have some markings on the inside. Bookseller Inventory # GRP97473056

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Book Description MIT Press, 1988. Book Condition: Poor. This is an ex-library book and may have the usual library/used-book markings inside.This book has hardback covers. In poor condition, suitable as a reading copy. No dust jacket. Bookseller Inventory # 6465132

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Book Description The MIT Press, Cambridge, 1989. Soft Cover. Third Printing. Large octavo, dark blue and red wraps, xii + 454pp., tables, figures. Very small tear at wraps corner, taped, and not sigificantly affecting an otherwise near-fine copy. Bookseller Inventory # 15577

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Book Description The MIT Press, Cambridge, Massachusetts & London, 1989. Hard Cover. Book Condition: Very Good. Dust Jacket Condition: Very Good. This book is the second printing of the 1988 edition. The dust jacket is wrapped in plastic with a few small tears. The page edges have light foxing, as do the front and back pages. The front page is signed in pen by a previous owner. 454 pages, Size: Size F: 9"-10" Tall (228-254mm). Bookseller Inventory # 140882

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