Privatization : An Economic Analysis. This item is unavailable.
Language: English
Published by MIT Press, 1988
- First Edition
- Hardcover
- Used
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- Title
- Privatization : An Economic Analysis
- Author
- Vickers, John, Yarrow, George
- Publisher
- MIT Press
- Publication year
- 1988
- Condition
- Very Good
- Binding
- Hardcover
- Language
- English
- ISBN 10
- 0262220334
- ISBN 13
- 9780262220330
- Edition
- 1st.
- Item weight
- 1.764 pounds
- Dimensions
- N/A
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.
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.
"Synopsis" may belong to another edition of this title.
About the Author
Sir John Vickers is Drummond Professor of Political Economy at Oxford University.
"About the title" may belong to another edition of this title.