Download or read book Privatization of Natural Monopoly Public Enterprises written by Ralph Bradburd and published by World Bank Publications. This book was released on 1992 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Privatization and the Natural Monopolies written by John Vickers and published by . This book was released on 1985 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Privatization Public Ownership and the Regulation of Natural Monopoly written by Christopher D. Foster and published by . This book was released on 1992 with total page 458 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Privatization Regulation and Deregulation written by M. E. Beesley and published by Psychology Press. This book was released on 1997 with total page 509 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume collects Professor Michael Beesley's most important work in the area of privatization. He advised the government on forthcoming legislation on telecoms, buses, and water, as well as advising new regulators. Now in its second edition, the book includes the experience of privatization in Australia, and the lessons we can learn from them. Throughout, the author remains critical of the policies adopted, but always with corresponding suggestions for improvement. This insider view should be a valuable guide for all those interested in current developments in privatization.
Download or read book Liberal Regulation written by Emmanuelle Auriol and published by . This book was released on 2007 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the effect of soft-budget constraints in a pure adverse selection model of monopoly regulation. We consider a government maximizing total surplus but incurring some cost of public funds à la Laffont Tirole (1993). We propose a regulatory set-up in which firms are free to enter natural monopoly markets and to choose their price and output levels as in the laisser-faire. In addition, the government proposes ex-post contracts to the private firms. We show that this regulatory set-up allows governments to avoid re-funding moneyloosing firms and that welfare is larger than under traditional regulation where governments commits to both investment and operation cash-flows.
Download or read book Privatization of Natural Monopoly Public Enterpises written by World Bank. Country Economics Department and published by . This book was released on 1992 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: On balance, it is not obvious that developing countries will obtain any significant improvements in allocative efficiency from regulating natural monopolies after privatization. This suggests that greater consideration must be given to other objectives of regulation including distributional concerns and the creation of confidence in the stability of the environment for business.
Download or read book Privatization written by John Vickers and published by MIT Press. This book was released on 1988 with total page 476 pages. Available in PDF, EPUB and Kindle. Book excerpt: The process of selling assests and enterprises to the private sector raises questions about natural monopolies, the efficiency and equity of state-owned versus privately owned enterprises, and industrial policy. This comprehensive analysis of the British privatization program explores these questions both theoretically and empirically.
Download or read book Privatization of Natural Monopolies Under Asymmetric Information written by and published by . This book was released on 2000 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Privatisation and Regulation written by Markus Aßner and published by GRIN Verlag. This book was released on 2007-09 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2004 in the subject Economy - Theory of Competition, Competition Policy, grade: 1, University of Ulster (School of Business Organisation and Management), course: Business Economics, 12 entries in the bibliography, language: English, abstract: Index Introduction 1. The market forces argument 4 2. Breakdown of the market forces argument in natural monopolies 6 3. Economic key issues which regulators of privatised industries should consider 8 4. References 12 Introduction This essay covers some issues of privatisation and regulation. It is divided into three parts. Part one gives a brief outline of the author s understanding of the market forces argument for privatisation. In the second part it is explained what is meant by a natural monopoly and why the market forces argument does not hold if an industry is a natural monopoly. The third part then discusses which economic key issues should be considered by the regulatory body of a privatised industry. Privatisation is the transfer of public ownership away from the state to private ownership. Regulation is a limitation on the behaviour of firms or organizations, imposed by the government. From the view of competition it is the aim to remove market distortions which are caused by public enterprises and regulations (Case K. et al. 1999: 356.)
Download or read book Natural Monopoly and Its Regulation written by Richard A. Posner and published by Cato Institute. This book was released on 1999-04-01 with total page 131 pages. Available in PDF, EPUB and Kindle. Book excerpt: Natural monopolies exist in those markets in which demand can be satisfied at lowest cost by the output of only one rather than several competing firms. Under such conditions, conventional wisdom suggests that government regulation must substitute for competition to discipline the behavior of firms. Thirty years ago a young professor named Richard Posner asked the provocative question of whether the existence of natural monopoly provides adequate justification for government intervention. His even more provocative answer was no. The evils of natural monopoly are exaggerated, the effectiveness of regulation in controlling them is highly questionable, and regulation costs a great deal. "The resources and energies of government should be directed to problems we know are substantial, that we think are traceable to government action, and that cannot be left to the private sector to work out. There are plenty of those problems, and it is doubtful that natural monopoly is among them." Thirty years after its initial publication, read the original insights of Richard Posner about the regulation of natural monopoly as well as a new preface in which Posner reflects on the deregulation of industries that has occurred since 1969 and the possibilities for more deregulation in the future."
Download or read book Privatization of Natural Monopoly Public Enterprisese written by Ralph Bradburd and published by . This book was released on 1992 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Privatization and After written by V. V. Ramanadham and published by Routledge. This book was released on 2002-02-07 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: Privatization and After discusses the need to monitor privatization. The authors argue that monitoring will show whether or not the process is fulfilling its objectives and contributing to improved economic performance. The book also assesses the need for, and techniques of, regulating privatized enterprises in situations of continuing monopoly or significant market control. This is supported by an in-depth analysis of regulation in the UK and its implications for developing countries. Further illustrative material is drawn from a range of developed, developing and former socialist countries.
Download or read book Reforming Infrastructure written by Ioannis Nicolaos Kessides and published by World Bank Publications. This book was released on 2004 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: Electricity, natural gas, telecommunications, railways, and water supply, are often vertically and horizontally integrated state monopolies. This results in weak services, especially in developing and transition economies, and for poor people. Common problems include low productivity, high costs, bad quality, insufficient revenue, and investment shortfalls. Many countries over the past two decades have restructured, privatized and regulated their infrastructure. This report identifies the challenges involved in this massive policy redirection. It also assesses the outcomes of these changes, as well as their distributional consequences for poor households and other disadvantaged groups. It recommends directions for future reforms and research to improve infrastructure performance, identifying pricing policies that strike a balance between economic efficiency and social equity, suggesting rules governing access to bottleneck infrastructure facilities, and proposing ways to increase poor people's access to these crucial services.
Download or read book Regulating Infrastructure written by José A. Gómez-Ibáñez and published by . This book was released on 2003 with total page 431 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Privatisation and the Natural Monopolies written by j; yarrow vickers (g) and published by . This book was released on 1985 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Privatization Regulation and Deregulation written by Michael Beesley and published by Routledge. This book was released on 2013-02-01 with total page 509 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this second edition of Privatization, Regulation and Deregulation, the author has updated and augmented the original material to take account of developments over the last 5 years. This volume includes ten completely new chapters and coverage of the critical period from 1981to the present. The book provides a unique insight into the privatization and regulatory procedure. In addition, it presents a significant contribution to the basic economic arguments underlying these reforms to practitioners involved in privatization and regulation.
Download or read book Monopoly Mail written by Douglas Adie and published by Routledge. This book was released on 2017-09-29 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: First class postage rates have risen from six cents in 1971 to 25 cents in 1988. This rapid increase might be justifiable if service had improved commen-surately, but in fact postal service has steadily deteriorated. The Postal Service concedes that it takes ten percent longer to deliver a first class letter than it did in the 1960s, and one recent postmaster general admits that delivery may have been more reliable in the 1920s. In this volume, Adie reviews the failures of the U.S. Postal Service - an inability to innovate, soaring labor costs, huge deficits, chronic inefficiency, and declining service standards. He blames most of these problems on the postal service's monopoly status. Competition produces efficiency and innovation; monopoly breeds inefficiency, high costs and stagnation. He also examines the experiences of other countries and other industries that may be valuable in prescribing reform for the postal service. The breakup of AT&T provides lessons that may be applied to postal reform. The long-run effects of deregulation on the airline industry are also examined. Since the postal service has serious union problems, Adie looks at the air traffic controllers' strike and other evidence on pay and labor relations in government unions. Finally, Adie examines the experiences of Canada and Great Britain with privatization of government companies. He then offers a comprehensive - and controversial - reform plan for the U.S. Postal Service, with no further monopoly privileges or taxpayer subsidies. He argues that private companies should be free to compete with the Postal Service, and it, in turn, should be free to compete in all phases of the communications business. Without privatization and deregulation, the Postal Service is doomed to continuing inefficiency, rising costs, worsening labor relations, and an increasing loss of customers to more innovative and efficient service providers. Competition would give the Postal Service a chance to enter the 21st ce
