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The Effect Of Market Regulation On Newly Privatized State-Owned Companies

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  • BODISLAV DUMITRU-ALEXANDRU

    (BUCHAREST UNIVERSITY OF ECONOMIC STUDIES)

Abstract

Before the ’70s the regulation economy was focused on antitrust laws. In 1962, the economists George Stigler and Claire Friedland [1] shaped the regulation idea on state-owned utilities companies (especially in the energy sector). They answered to the following question: can some regulatory agencies to achieve their goal of decreasing the cost of electric energy? Stigler and Friedland had shown „the inability to find some concrete effects of regulations on the price of electric energy”. This fact corroborated with the idea that the public sector is an efficient instrument for reaching targeted goals in European and emergent countries and the privatization phenomenon. This research paper tries to answer the question of what is happening when state-owned companies are privatized, are they getting along at the same pace in the regulated market economy or are they on an ascending trend for peak performance.

Suggested Citation

  • Bodislav Dumitru-Alexandru, 2014. "The Effect Of Market Regulation On Newly Privatized State-Owned Companies," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 3, pages 28-31, June.
    • Handle: RePEc:cbu:jrnlec:y:2014:v:3:p:28-31
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    References listed on IDEAS

    as
    1. George J. Stigler, 1971. "The Theory of Economic Regulation," Bell Journal of Economics, The RAND Corporation, vol. 2(1), pages 3-21, Spring.
    2. repec:cto:journl:v:20:y:2001:i:3:p:327-358 is not listed on IDEAS
    3. Sam Peltzman, 1989. "The Economic Theory of Regulation after a Decade of Deregulation," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 20(1989 Micr), pages 1-59.
    4. Gary S. Becker, 1983. "A Theory of Competition Among Pressure Groups for Political Influence," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 98(3), pages 371-400.
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