{"title":"Regulation Of Economic Activity","description":null,"products":[{"product_id":"privatization-book-john-stuart-vickers-9780262720113","title":"Privatization","description":"\u003cp\u003eThis comprehensive analysis of the British privatization program offers insights into recent policies on privatization, competition, and regulation in a country that has by far the greatest experience with this growing worldwide phenomenon.The process of selling assets and enterprises to the private sector raises theoretical questions about natural monopolies, the efficiency and equity of state owned versus privately-owned enterprises, and industrial policy. Privatization explores these questions both theoretically and empirically.After providing theoretical perspectives on the economics of ownership, competition, and regulation, the authors assess privatization policies in key industries: telecommunications, energy, transport, and water. They argue that the government's haste to transfer ownership reflects a misplaced priority, and that the main thrust of policy should be to improve industrial efficiency by stimulating competition and, providing effective regulation.John Vickers is Roy Harrod Fellow in the Economics of Business and Public Policy at Nuffield College, Oxford. George Yarrow is a Fellow and Tutor in Economics at Hertford College, Oxford, and Oxford University Lecturer in the Economics of the Firm. Privatization: An Economic Analysis is included in the series Regulation of Economic Activity, edited by Richard Schmalensee.\u003c\/p\u003e","brand":"WoB","offers":[{"title":"GB \/ VERY_GOOD \/ INTERNAL","offer_id":49543989756177,"sku":"GOR004586370","price":0.0,"currency_code":"GBP","in_stock":true},{"title":"GB \/ GOOD \/ INTERNAL","offer_id":49621361066257,"sku":"GOR001698096","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"US \/ GOOD \/ SBYB","offer_id":50828663521553,"sku":"CIN0262720116G","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"GB \/ WELL_READ \/ INTERNAL","offer_id":53191119765777,"sku":"GOR004294727","price":0.0,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/0262720116.jpg?v=1751424309"},{"product_id":"regulatory-reform-book-mark-armstrong-9780262510790","title":"Regulatory Reform","description":"\u003cp\u003eRegulatory reform had its beginnings in the United States in the 1970s, and today it is taking place around the globe. One of the central questions for industrial policy is how to regulate firms with market power. Regulatory Reform tackles this important policy issue in two parts: it describes an analytical framework for studying the main issues in regulatory reform, and then applies the analysis to the British experience in four utility industries - telecommunications, gas, electricity, and water supply. Britain's utility industries, state-owned monopolies just ten years ago, offer a dramatic example of comprehensive reforms with parallels elsewhere: industries have been restructured, markets have been liberalized, and new regulatory methods and institutions have been created. The authors focus on common policy questions that arise in each industry while taking into account the considerable diversity between the industries and the different reform policies adopted. The analysis and experience in Britain's utility industries also provides a rich variety of issues concerning monopolistic and anticompetitive practices that are of interest for competition policy in general. Regulation of Economic Activity series\u003c\/p\u003e","brand":"WoB","offers":[{"title":"GB \/ VERY_GOOD \/ INTERNAL","offer_id":49545553871121,"sku":"GOR001720201","price":0.0,"currency_code":"GBP","in_stock":true},{"title":"US \/ GOOD \/ SBYB","offer_id":50347442635025,"sku":"CIN0262510790G","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"GB \/ WELL_READ \/ INTERNAL","offer_id":52658406588689,"sku":"GOR006378109","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/0262510790.jpg?v=1751426714"}],"url":"https:\/\/www.worldofbooks.com\/collections\/regulation-of-economic-activity-book-series.oembed","provider":"World of Books ","version":"1.0","type":"link"}