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Privatization: An Economic Analysis (Regulation of Economic Activity) (Mit Press Series on the Regulation of Economic Activity, 18) by John Stuart Vickers; George Yarrow is a nonfiction available to read on EtoBox.

What is Privatization: An Economic Analysis (Regulation of Economic Activity) (Mit Press Series on the Regulation of Economic Activity, 18) about?

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.John Vickers i

Who reads Privatization: An Economic Analysis (Regulation of Economic Activity) (Mit Press Series on the Regulation of Economic Activity, 18)?

Author

John Stuart Vickers; George Yarrow

Publisher

The M.I.T. Press

Published

1988

Language

EN

ISBN

9780262220330

Category

nonfiction

Subjects

Economics, Management, Business