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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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    References listed on IDEAS

    as
    1. Kwiatkowski, Denis & Phillips, Peter C. B. & Schmidt, Peter & Shin, Yongcheol, 1992. "Testing the null hypothesis of stationarity against the alternative of a unit root : How sure are we that economic time series have a unit root?," Journal of Econometrics, Elsevier, vol. 54(1-3), pages 159-178.
    2. Franses, Philip Hans & Haldrup, Niels, 1994. "The Effects of Additive Outliers on Tests for Unit Roots and Cointegration," Journal of Business & Economic Statistics, American Statistical Association, vol. 12(4), pages 471-478, October.
    3. Asche, Frank & Steen, Frode, 2006. "When Anti-Dumping Measures Lead to Increased Market Power: A Case Study of the European Salmon Market," CEPR Discussion Papers 5781, C.E.P.R. Discussion Papers.
    4. Johansen, Soren, 1991. "Estimation and Hypothesis Testing of Cointegration Vectors in Gaussian Vector Autoregressive Models," Econometrica, Econometric Society, vol. 59(6), pages 1551-1580, November.
    5. Gonzalo, Jesus, 1994. "Five alternative methods of estimating long-run equilibrium relationships," Journal of Econometrics, Elsevier, vol. 60(1-2), pages 203-233.
    Full references (including those not matched with items on IDEAS)

    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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