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Author: Markus Aßner
Publisher: GRIN Verlag
ISBN: 3638782123
Category :
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: Markus Aßner
Publisher: GRIN Verlag
ISBN: 3638782123
Category :
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: Tim Büthe
Publisher: Princeton University Press
ISBN: 0691157979
Category : Political Science
Languages : en
Pages : 320
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Book Description
Over the past two decades, governments have delegated extensive regulatory authority to international private-sector organizations. This internationalization and privatization of rule making has been motivated not only by the economic benefits of common rules for global markets, but also by the realization that government regulators often lack the expertise and resources to deal with increasingly complex and urgent regulatory tasks. The New Global Rulers examines who writes the rules in international private organizations, as well as who wins, who loses--and why. Tim Büthe and Walter Mattli examine three powerful global private regulators: the International Accounting Standards Board, which develops financial reporting rules used by corporations in more than a hundred countries; and the International Organization for Standardization and the International Electrotechnical Commission, which account for 85 percent of all international product standards. Büthe and Mattli offer both a new framework for understanding global private regulation and detailed empirical analyses of such regulation based on multi-country, multi-industry business surveys. They find that global rule making by technical experts is highly political, and that even though rule making has shifted to the international level, domestic institutions remain crucial. Influence in this form of global private governance is not a function of the economic power of states, but of the ability of domestic standard-setters to provide timely information and speak with a single voice. Büthe and Mattli show how domestic institutions' abilities differ, particularly between the two main standardization players, the United States and Europe.
Author: John Vickers
Publisher: MIT Press
ISBN: 9780262720113
Category : Business & Economics
Languages : en
Pages : 476
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Book Description
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.
Author: Christopher D. Foster
Publisher: Wiley-Blackwell
ISBN:
Category : Government ownership
Languages : en
Pages : 480
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Book Description
C.D. Foster drawing on his enormous experience in Government, industry and academia, has written a most comprehensive study of privatization policy under the Conservative Government of the last 2 years. In this lucid, non-technical work, Foster draws on the history of state intervention, regulation, and nationalization of industries that were argued to be natural monopolies, for example, the railways. The failure of nationalized industries, Foster argues, is rooted not only in inefficiency, but in the lack of any clear performance indicators of what such public enterprises should be achieving. These observations open out his book into a discussion of the development of privatization under Mrs Thatcher (not apparently part of a big plan, but more a muddling through of policy ideas). Subsequently Foster contrasts the legal and economic construction of regulation in the US to the looser rein of the new British style of regulation. The remaining chapters evaluate the performance and regulation of the newly privatized enterprises and Foster finds that on balance the new regulatory structures are workable and have avoided many of the problems of the past. Foster's scholarly and measured, yet accessible book is a moderate defence of what became a central ideological plank of Thatcherism. He calls for a carefully thought through planning of regulation where other States are thinking of privatizing their public enterprises. He also discusses how far the same objectives can be achieved through public enterprise reform. This book, given the wealth of detail about public policy should appeal greatly to lawyers, economists and political scientists, as well as those on courses in public administration and other professionals.
Author: Ioannis Nicolaos Kessides
Publisher: World Bank Publications
ISBN:
Category : Business & Economics
Languages : en
Pages : 328
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Book Description
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.
Author: OECD
Publisher: OECD Publishing
ISBN: 9264180583
Category :
Languages : en
Pages : 216
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Book Description
This volume brings together a number of papers discussing the interrelationship among privatisation, competition and regulation. The papers make reference to the experience of different countries with privatisation in a wide range of infrastructure sectors.
Author: Jeff Tan
Publisher: Routledge
ISBN: 1134089155
Category : Business & Economics
Languages : en
Pages : 251
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Book Description
This book explores privatization in Malaysia, focusing in particular on how political constraints resulted in the failure of four major privatizations: the national sewerage company (IWK), Kuala Lumpur Light Rail Transit (LRT), national airline (MAS), and national car company (Proton).
Author: G. Ganesh
Publisher: Mittal Publications
ISBN: 9788170997160
Category : Business & Economics
Languages : en
Pages : 392
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Book Description
Author: David Parker
Publisher: Edward Elgar Publishing
ISBN: 1781950954
Category : Business & Economics
Languages : en
Pages : 626
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Book Description
Privatization has dominated industrial restructuring programs since the 1980s and continues to do so. This authoritative and accessible Handbook considers all aspects of this key issue, including: the theory of privatization; privatization in transition, developed and developing economies; as well the economic regulation of privatized industries.
Author: John Anderson Kay
Publisher: Oxford University Press, USA
ISBN:
Category : Business & Economics
Languages : en
Pages : 376
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Book Description
A collection of theoretical and applied readings which provide a timely review of the arguments for and against privatization and which draw together some of the important pieces of research that have been undertaken on the issue.
