The reform of the UK utilities over the last fifteen years has laid considerable emphasis on the incentive properties both of private ownership and the regulation of the privatized industries which has followed. This paper reviews the arguments for such policy, and describes the use of efficiency and productivity studies, both in undertaking the regulation itself and in assessing its effectiveness. The establishment of separate industry specific regulators has resulted in a considerable variety of approaches, and the assessment of the outcome also provides a rather mixed result, both with respect to the impact and its timing.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.