Privatisation and Liberalisation of Network Utilities
AbstractPrivatisation of utilities is about ownership rather than control. Liberalisation can induce greather improvements in performance than privatisation alone. Regulation id inevitably inefficient, and adequately competitive network services may improve efficiency. History indicates that regulated vertical integration is durable so that liberalisation may be hard to sustain. Theory and evidence suggest that pricing network access and use is difficult., risking foreclosure without regulation. Progress in modelling competitioon over, for and between networks is reported. the English electricity industry demonstrates the importance of entry conditions and contracts, and the gains from restructuring are estimated.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoPaper provided by Faculty of Economics, University of Cambridge in its series Cambridge Working Papers in Economics with number 9620.
Length: 21 pages
Date of creation: 1996
Date of revision:
Contact details of provider:
Web page: http://www.econ.cam.ac.uk/index.htm
COMPETITION; REGULATION; PRIVATISATION; NETWORKS;
Other versions of this item:
- Newbery, David M., 1997. "Privatisation and liberalisation of network utilities," European Economic Review, Elsevier, vol. 41(3-5), pages 357-383, April.
- D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
- D43 - Microeconomics - - Market Structure and Pricing - - - Oligopoly and Other Forms of Market Imperfection
- L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
- L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
- L96 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Telecommunications
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Vickers, John, 1995. "Competition and Regulation in Vertically Related Markets," Review of Economic Studies, Wiley Blackwell, vol. 62(1), pages 1-17, January.
- Armstrong, M., 1996. "Network interconnection," Discussion Paper Series In Economics And Econometrics 9625, Economics Division, School of Social Sciences, University of Southampton.
- Green, R., 1996. "The Electricity Contract Market," Cambridge Working Papers in Economics 9616, Faculty of Economics, University of Cambridge.
- Kaestner, Robert & Kahn, Brenda, 1990. "The Effects of Regulation and Competition on the Price of AT&T Intrastate Telephone Service," Journal of Regulatory Economics, Springer, vol. 2(4), pages 363-77, December.
- Dieter Helm & Andrew Powell, 1992. "Pool prices, contracts and regulation in the British electricity supply industry," Fiscal Studies, Institute for Fiscal Studies, vol. 13(1), pages 89-105, February.
- McAfee, R Preston & McMillan, John, 1987. "Auctions and Bidding," Journal of Economic Literature, American Economic Association, vol. 25(2), pages 699-738, June.
- Klemperer, Paul D & Meyer, Margaret A, 1989. "Supply Function Equilibria in Oligopoly under Uncertainty," Econometrica, Econometric Society, vol. 57(6), pages 1243-77, November.
- David E. M. Sappington & Joseph E. Stiglitz, 1988.
"Privatization, Information and Incentives,"
NBER Working Papers
2196, National Bureau of Economic Research, Inc.
- Powell, Andrew, 1993. "Trading Forward in an Imperfect Market: The Case of Electricity in Britain," Economic Journal, Royal Economic Society, vol. 103(417), pages 444-53, March.
- Mark Armstrong & Simon Cowan & John Vickers, 1994. "Regulatory Reform: Economic Analysis and British Experience," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262510790, June.
- David M. Newbery, 1995. "Power Markets and Market Power," The Energy Journal, International Association for Energy Economics, vol. 0(Number 3), pages 39-66.
- von der Fehr, Nils-Henrik Morch & Harbord, David, 1993.
"Spot Market Competition in the UK Electricity Industry,"
Royal Economic Society, vol. 103(418), pages 531-46, May.
- Von der Fehr, N.H.M. & Harbord, D., 1992. "Spot Market Competition in the UK Electricity Industry," Memorandum 09/1992, Oslo University, Department of Economics.
- Kaserman, David L & Mayo, John W & Pacey, Patricia L, 1993. "The Political Economy of Deregulation: The Case of Intrastate Long Distance," Journal of Regulatory Economics, Springer, vol. 5(1), pages 49-63, March.
- Eduardo Engel, 2005. "A Pro-Market Agenda for El Salvador," Working Papers 904, Economic Growth Center, Yale University.
- Gianni De Fraja & Emanuela Michetti & Piercarlo Zanchettin, 2011.
"Toc 'n' Roll: Bargaining, Service Quality and Specificity in the UK Railway Network,"
Journal of Transport Economics and Policy,
London School of Economics and University of Bath, vol. 45(3), pages 383-414, September.
- De Fraja, Gianni & Michetti, Emanuela & Zanchettin, Piercarlo, 2008. "Toc 'n' Roll: Bargaining, Service Quality and Specificity in the UK Railway Network," CEPR Discussion Papers 7088, C.E.P.R. Discussion Papers.
- Gianni De Fraja & Emanuela Michetti & Piercarlo Zanchettin, 2009. "Toc ’n’ Roll: Bargaining, Service Quality and Specificity in the UK Railway Network," Discussion Papers in Economics 09/7, Department of Economics, University of Leicester.
- Eduardo Saavedra, . "Alternative Institutional Arrangements in Network Utilities: An Incomplete Contracting Approach," ILADES-Georgetown University Working Papers inv116, Ilades-Georgetown University, Universidad Alberto Hurtado/School of Economics and Bussines.
- Newbery, D., 2002. "Issues and Options for Restructuring Electricity Supply Industries," Cambridge Working Papers in Economics 0210, Faculty of Economics, University of Cambridge.
- Huw Dixon & Joshy Easaw, 2001. "Strategic Responses to Regulatory Policies: What Lessons Can Be Learned from the U.K. Contract Gas Market?," Review of Industrial Organization, Springer, vol. 18(4), pages 379-396, June.
- Stefan Buehler & Dennis Gärtner & Daniel Halbheer, 2006.
"Deregulating Network Industries: Dealing with Price-quality Tradeoffs,"
Journal of Regulatory Economics,
Springer, vol. 30(1), pages 99-115, 07.
- Stefan Buehler & Dennis Gaertner & Daniel Halbheer, 2004. "Deregulating Network Industries: Dealing with Price-Quality Tradeoffs," Working Papers 0402, University of Zurich, Socioeconomic Institute, revised Oct 2005.
- Nils-Henrik von der Fehr & David Harbord, 2002.
"Competition in Electricity Spot Markets: Economic Theory and International Experience,"
- von der Fehr, N.-H. & Harbord,D., 1998. "Competition in Electricity Spot Markets. Economic Theory and International Experience," Memorandum 05/1998, Oslo University, Department of Economics.
- Radmilo Pesic & Diana Urge-Vorsatz, 2001. "Restructuring of the Hungarian Electricity Industry," Post-Communist Economies, Taylor and Francis Journals, vol. 13(1), pages 85-99.
- Yu, W. & Pollitt, M.G., 2009. "Does Liberalisation cause more Electricity Blackouts? Evidence from a Global Study of Newspaper Reports," Cambridge Working Papers in Economics 0911, Faculty of Economics, University of Cambridge.
- Bahçe, Serdal & Taymaz, Erol, 2008. "The impact of electricity market liberalization in Turkey: "Free consumer" and distributional monopoly cases," Energy Economics, Elsevier, vol. 30(4), pages 1603-1624, July.
- J. Robert Branston & Roger Sugden & Pedro Valdez & James Wilson, 2006. "Generating Participation and Democracy: An Illustration from Electricity Reform in Mexico," International Review of Applied Economics, Taylor and Francis Journals, vol. 20(1), pages 47-68.
- Reto Foellmi & Urs Meister, 2005. "Product-Market Competition in the Water Industry: Voluntary Non-discriminatory Pricing," Journal of Industry, Competition and Trade, Springer, vol. 5(2), pages 115-135, June.
- Clark, Ephraim & Easaw, Joshy Z., 2007. "Optimal access pricing for natural monopoly networks when costs are sunk and revenues are uncertain," European Journal of Operational Research, Elsevier, vol. 178(2), pages 595-602, April.
- Marc Lévy, 2010. "La «Pax Electrica» a-t-elle réduit le contrôle de Suez sur Elia, le transporteur belge d’électricité?," Revue Finance Contrôle Stratégie, revues.org, vol. 13(4), pages 139-159, December.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Howard Cobb).
If references are entirely missing, you can add them using this form.