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Experience of Privatisation, Regulation and Competition: Lessons for Governments

Author

Listed:
  • 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.

Suggested Citation

  • Lesley Davies & Kathryn Wright & Catherine Waddams Price, 2005. "Experience of Privatisation, Regulation and Competition: Lessons for Governments," Working Papers 05-5, Centre for Competition Policy, University of East Anglia.
  • Handle: RePEc:ccp:wpaper:wp05-05
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    File URL: http://www.ccp.uea.ac.uk/publicfiles/workingpapers/CCP05-5.pdf
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    More about this item

    Keywords

    Utility sector reform; privatisation; economic regulation; competition; regulatory agency; sequencing; impact and benefits of economic reform;

    JEL classification:

    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
    • 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 - - - Comparison of Public and Private Enterprise and Nonprofit Institutions; Privatization; Contracting Out

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