Developments in the Economics of Privatization and Regulation

by Michael A. Crew, David Parker

Overview

Regulatory economics has become increasingly important over the last quarter of a century, in part as a result of the wave of privatization, starting in the UK, which made the regulation of monopoly of much greater interest. The discipline has also become more rigorous, increasingly employing powerful analytical and econometric methods. This volume brings together some of the leading contributions to the literature on this subject. The book is an invaluable resource for scholars, policymakers and regulators in the study of privatization and regulation.

Product Details

ISBN-13:	9781845427177
Publisher:	Edward Elgar Publishing
Publication date:	06/30/2008
Series:	The International Library of Critical Writings in Economics series , #219
Pages:	712
Product dimensions:	7.00(w) x 9.50(h) x 2.20(d)

About the Author

Edited by the late Michael A. Crew, formerly CRRI Professor of Regulatory Economics and Director, Center for Research in Regulated Industries (CRRI), Rutgers Business School, Rutgers, The State University of New Jersey, Newark, US and David Parker, formerly Research Professor in Privatisation and Regulation, Cranfield School of Management, Cranfield University, UK and Co-Director, Regulation Research Programme, Centre on Regulation and Competition, University of Manchester, UK

Table of Contents

Contents:

Acknowledgements

Introduction Michael Crew and David Parker

PART I PRIVATIZATION
1. Andrei Shleifer (1998), ‘State versus Private Ownership’
2. Bruno Biais and Enrico Perotti (2002), ‘Machiavellian Privatization’
3. Enrico C. Perotti (1995), ‘Credible Privatization’
4. Oliver Hart, Andrei Shleifer and Robert W. Vishny (1997), ‘The Proper Scope of Government: Theory and an Application to Prisons’
5. Francesca Cornelli and David D. Li (1997), ‘Large Shareholders, Private Benefits of Control, and Optimal Schemes of Privatization’
6. Florencio López-de-Silanes (1997), ‘Determinants of Privatization Prices’
7. Steven L. Jones, William L. Megginson, Robert C. Nash and Jeffry M. Netter (1999), ‘Share Issue Privatizations as Financial Means to Political and Economic Ends’
8. William L. Megginson and Jeffry M. Netter (2001), ‘From State to Market: A Survey of Empirical Studies on Privatization’
9. David M. Newbery and Michael G. Pollitt (1997), ‘The Restructuring and Privatisation of Britain’s CEGB – Was It Worth It?’
10. David S. Saal and David Parker (2001), ‘Productivity and Price Performance in the Privatized Water and Sewerage Companies of England and Wales’
11. Lisa Harris, David Parker and Andrew Cox (1998), ‘UK Privatization: Its Impact on Procurement’

PART II REGULATION
12. Stephen C. Littlechild (1983), Regulation of British Telecommunications’
13. Mark Armstrong and David E.M. Sappington (2006), ‘Regulation, Competition, and Liberalization’
14. Roger Sherman (1993), ‘Should Ramsey-Price Markups Differ?’
15. Jean-Jacques Laffont and Jean Tirole (1996), ‘Creating Competition Through Interconnection: Theory and Practice’
16. Mark Armstrong, Chris Doyle and John Vickers (1996), ‘The Access Pricing Problem: A Synthesis’
17. Michael A. Crew, Chitru S. Fernando and Paul R. Kleindorfer (1995), ‘The Theory of Peak-Load Pricing: A Survey’
18. David E.M. Sappington (2005), ‘Regulating Service Quality: A Survey’
19. William W. Hogan (1992), ‘Contract Networks for Electric Power Transmission’
20. Catherine Waddams Price and Ruth Hancock (1998), ‘Distributional Effects of Liberalising UK Residential Utility Markets’
21. Stephen C. Littlechild (2002), ‘Competitive Bidding for a Long-Term Electricity Distribution Contract’

Name Index