Privatization of Natural Monopoly Public Enterprises PDF Download
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Author: Ralph Bradburd
Publisher: World Bank Publications
ISBN:
Category : Government business enterprises
Languages : en
Pages : 48
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Book Description
Author: Ralph Bradburd
Publisher: World Bank Publications
ISBN:
Category : Government business enterprises
Languages : en
Pages : 48
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Book Description
Author: John Vickers
Publisher:
ISBN:
Category : Electric utilities
Languages : en
Pages : 108
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Book Description
Author: Christopher D. Foster
Publisher:
ISBN:
Category : Government ownership
Languages : en
Pages : 458
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Book Description
Author: M. E. Beesley
Publisher: Psychology Press
ISBN: 0415164524
Category : Business & Economics
Languages : en
Pages : 509
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Book Description
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.
Author: Emmanuelle Auriol
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
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.
Author: World Bank. Country Economics Department
Publisher:
ISBN:
Category : Privatization
Languages : en
Pages : 44
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Book Description
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.
Author: Markus Aßner
Publisher: GRIN Verlag
ISBN: 3638782123
Category : Business & Economics
Languages : en
Pages : 33
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Book Description
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.)
Author:
Publisher:
ISBN: 9785821101310
Category : Monopolies
Languages : en
Pages : 37
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Book Description
Author: V. V. Ramanadham
Publisher: Routledge
ISBN: 1134834152
Category : Business & Economics
Languages : en
Pages : 297
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Book Description
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.
Author: Richard A. Posner
Publisher: Cato Institute
ISBN: 1933995823
Category : Political Science
Languages : en
Pages : 131
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Book Description
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."
