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Privatization, Restructuring and Regulation of Network Utilities By David M.G. Newbery

Privatization, Restructuring and Regulation of Network Utilities
by David M.G. Newbery

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£12.99
Discusses the history of ownership and regulation, privatization and theories of regulation. Examining three network utilities in detail - telecoms, electricity and gas - the text contrasts the regulatory approaches of Britain and the US. It also looks at liberalization in other countries.
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Privatization, Restructuring and Regulation of Network Utilities Summary


Privatization, Restructuring and Regulation of Network Utilities by David M.G. Newbery

Network utilities, such as electricity, telephones and gas, are public utilities that require a fixed network to deliver their services. Because consumers have no choice of network, they risk exploitation by network owners. Once invested, however, a network's capital is sunk, and the bargaining advantage shifts from investor to consumer. The investor, fearing expropriation, may be reluctant to invest. The tension between consumer and investor can be side-stepped by state ownership. Alternatively, private ownership and consumers' political power can be reconciled through regulation. Either way, network utilities operate under terms set by the state. David Newbury argues that price-setting rules comprise only part of the policy agenda. Network utilities pose special problems of ownership and regulation. He discusses the history of ownership and regulation, privatization and theories of regulation. Examining three network utilities in detail - telecoms, electricity and gas - he contrasts the regulatory approaches of Britain and the United States. He also looks at liberalization in a variety of other countries. History shows that the mature forms of regulatory institutions are remarkably similar under both public and private ownership. This raises obvious questions such as: Will the forces that caused convergence to regulated vertical integration in the past reassert themselves? Can the benefits of competition be protected against the pressure to reintegrate? Will different utilities differ in their form and structure? A full understanding of the forces shaping regulatory institutions is necessary to answer these important questions.

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Additional information

GOR009943756
Privatization, Restructuring and Regulation of Network Utilities by David M.G. Newbery
David M.G. Newbery
Walras-Pareto Lectures Series
Used - Very Good
Hardback
MIT Press Ltd
2000-06-01
484
0262140683
9780262140683
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in very good condition, but if you are not entirely satisfied please get in touch with us.