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Experience of Privatisation, Regulation and Competition: Lessons for Governments

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Author Info
Lesley Davies
Kathryn Wright (Centre for Competition Policy, University of East Anglia)
Catherine Waddams Price () (Centre for Competition Policy, University of East Anglia)
Abstract

This policy paper offers a synthesis of research on privatisation and its impacts on the utilities sector in different countries. It identifies issues to be considered by policy makers concerned with economic reform, including the implications of sequencing privatisation together with competition, regulation and industry restructuring; the role and importance of an independent regulatory agency; and the impact of introducing competition into utility markets. In addition to assessing reform through the more conventional method of examining productivity gains, it considers the distribution of the broader benefits from reform among key stakeholders - government, investors and consumers.

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Publisher Info
Paper provided by Centre for Competition Policy, University of East Anglia in its series Working Papers with number 05-5.

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Length: 24 pages
Date of creation: Apr 2005
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Handle: RePEc:ccp:wpaper:wp05-05

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Related research
Keywords: Utility sector reform; privatisation; economic regulation; competition; regulatory agency; sequencing; impact and benefits of economic reform;

Find related papers by JEL classification:
D02 - Microeconomics - - General - - - Institutions: Design, Formation, and Operations
G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
L3 - Industrial Organization - - Nonprofit Organizations and Public Enterprise
L5 - Industrial Organization - - Regulation and Industrial Policy
L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Boundaries of Public and Private Enterprise; Privatization; Contracting Out

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