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Author : Ralph Bradburd
Publisher : World Bank Publications
Page : 48 pages
File Size : 42,9 Mb
Release : 1992
Category : Government business enterprises
ISBN : 8210379456XXX
Author : Christopher D. Foster
Publisher : Wiley-Blackwell
Page : 480 pages
File Size : 55,6 Mb
Release : 1992
Category : Government ownership
ISBN : UCAL:B4385141
C.D. Foster drawing on his enormous experience in Government, industry and academia, has written a most comprehensive study of privatization policy under the Conservative Government of the last 2 years. In this lucid, non-technical work, Foster draws on the history of state intervention, regulation, and nationalization of industries that were argued to be natural monopolies, for example, the railways. The failure of nationalized industries, Foster argues, is rooted not only in inefficiency, but in the lack of any clear performance indicators of what such public enterprises should be achieving. These observations open out his book into a discussion of the development of privatization under Mrs Thatcher (not apparently part of a big plan, but more a muddling through of policy ideas). Subsequently Foster contrasts the legal and economic construction of regulation in the US to the looser rein of the new British style of regulation. The remaining chapters evaluate the performance and regulation of the newly privatized enterprises and Foster finds that on balance the new regulatory structures are workable and have avoided many of the problems of the past. Foster's scholarly and measured, yet accessible book is a moderate defence of what became a central ideological plank of Thatcherism. He calls for a carefully thought through planning of regulation where other States are thinking of privatizing their public enterprises. He also discusses how far the same objectives can be achieved through public enterprise reform. This book, given the wealth of detail about public policy should appeal greatly to lawyers, economists and political scientists, as well as those on courses in public administration and other professionals.
Author : John Vickers,George K. Yarrow
Publisher : Unknown
Page : 108 pages
File Size : 50,6 Mb
Release : 1985
Category : Electric utilities
ISBN : UOM:39015010401209
Author : Markus Aßner
Publisher : GRIN Verlag
Page : 33 pages
File Size : 50,8 Mb
Release : 2007-09
Category : Electronic
ISBN : 9783638782128
Seminar paper from the year 2004 in the subject Economy - Theory of Competition, Competition Policy, grade: 1, University of Ulster (School of Business Organisation and Management), course: Business Economics, 12 entries in the bibliography, language: English, abstract: Index Introduction 1. The market forces argument 4 2. Breakdown of the market forces argument in natural monopolies 6 3. Economic key issues which regulators of privatised industries should consider 8 4. References 12 Introduction This essay covers some issues of privatisation and regulation. It is divided into three parts. Part one gives a brief outline of the author s understanding of the market forces argument for privatisation. In the second part it is explained what is meant by a natural monopoly and why the market forces argument does not hold if an industry is a natural monopoly. The third part then discusses which economic key issues should be considered by the regulatory body of a privatised industry. Privatisation is the transfer of public ownership away from the state to private ownership. Regulation is a limitation on the behaviour of firms or organizations, imposed by the government. From the view of competition it is the aim to remove market distortions which are caused by public enterprises and regulations (Case K. et al. 1999: 356.)
Author : Paul W. Macavoy,W.T. Stanbury,George Yarrow,Richard Zeckhauser
Publisher : Springer Science & Business Media
Page : 366 pages
File Size : 43,9 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9789401174299
The book is divided into three major sections. The first presents a theoretical discussion that underlies the other essays. The second section deals with privatization issues from the perspective of the United States. The third describes research addressed to the U. K. and Canada. In the first chapter, Richard Zeckbauser and Murray Horn develop a wide-ranging theoretical framework for assessing the capabilities and role of state-owned enterprises; it provides a foundation for the analyses that follow. In The Control and Perfonnance o[ State-Owned Enterprises , they describe state-owned enterprises as an extreme case of the separation of ownership and control. The focus is on management --the incentives it faces and the conflicts to which it is subjected. The distinguishing characteristics of public enterprise, the authors suggest, give it a comparative advantage over both public bureaucracy and private enterprise in certain situations. They argue that legislators are more likely to prefer SOEs over private enterprise when the efficiency of private enterprise is undermined by regulation or the tbreat of opportunistic state action, when the informational demands of subsidizing private production to meet distributional objectives are high, when it is difficult to assign property rights, or when state ownership is ideologically appealing. These considerations suggest why SOEs are usually assigned special rights and responsibilities, and they help explain observed regularities in the distribution of SOEs across countries and sectors. Zeckhauser and Horn apply principal-agent theory to identify the key factors underlying the performance of state-owned enterprises.
Author : V. V. Ramanadham
Publisher : Routledge
Page : 264 pages
File Size : 43,8 Mb
Release : 2002-02-07
Category : Business & Economics
ISBN : 9781134834150
Privatization and After discusses the need to monitor privatization. The authors argue that monitoring will show whether or not the process is fulfilling its objectives and contributing to improved economic performance. The book also assesses the need for, and techniques of, regulating privatized enterprises in situations of continuing monopoly or significant market control. This is supported by an in-depth analysis of regulation in the UK and its implications for developing countries. Further illustrative material is drawn from a range of developed, developing and former socialist countries.
Author : Mr.Richard Hemming,Mr.Ali M. Mansoor
Publisher : International Monetary Fund
Page : 34 pages
File Size : 41,5 Mb
Release : 1998-09-15
Category : Business & Economics
ISBN : 155775005X
This paper examines the role that privatization can play within a wider strategy designed to overcome the problems associated with public enterprises. For this purpose, privatization is defined as a transfer of ownership and control from the public to the private sector, with particular reference to asset sales. It is therefore equated with total or partial denationalization. Economic efficiency is not only the key to improving the performance of the public enterprise sector, but is also the source of other gains often attributed to privatization, in particular, its favorable budgetary impact. To public enterprises that are subject to national or international competition, privatization offers the possibility of increased productive efficiency as government financial backing is withdrawn and bankruptcy and takeover become possibilities. The admissibility and desirability of privatization, as well as what types of enterprise should be privatized, ought to be determined by similar considerations in both industrial and developing countries.
Author : Judith Clifton,Francisco Comín,Daniel Díaz Fuentes
Publisher : Springer Science & Business Media
Page : 178 pages
File Size : 51,8 Mb
Release : 2013-03-09
Category : Business & Economics
ISBN : 9781475737332
Judith Clifton, Francisco Comín and Daniel Díaz Fuentes in Privatisation in the European Union reject the two dominant explanations provided in literature, which include a simple 'Americanisation' of policy and a 'varied' privatisation experience without a common driving force. Using a systematic comparative analysis of privatisation experiences in each country from the 1980s to the beginning of the twenty first century, the authors show how the process of European integration and the need for internationally competitive industries have constituted key driving forces in the quest for privatisation across the EU. As privatisation slows down at the turn of the millennium, what future can citizens expect for public enterprises? Privatisation in the European Union is essential reading for researchers, students and policy-makers interested in privatisation, EU policy and the history of public enterprises.
Author : D. R. Steel,David Heald
Publisher : Unknown
Page : 124 pages
File Size : 43,6 Mb
Release : 1984
Category : Business & Economics
ISBN : UVA:X001017461
Study of the privatization of public enterprises in the UK - discusses government attitude and trade union attitudes; considers the potential impact on trade unionization of unskilled workers and managers; examines economic implications of privatization in the telecommunications, power generation, electric power distribution, natural gas industry, etc.; outlines the role of mixed enterprises. Bibliography, graphs.
Author : Paul Cook,Colin H. Kirkpatrick
Publisher : Edward Elgar Publishing
Page : 728 pages
File Size : 49,5 Mb
Release : 2000
Category : Government ownership
ISBN : UCSD:31822029733201
In the last decades of the 20th century, privatization has been a key policy instrument in the move to more market-based economic systems in all parts of the developing world. Privatization, however, has not necessarily been accompanied by an increase in market competition. Many public utilities have been privatized as monopolies and in addition regulatory systems have been developed to restrict their market power and protect the interests of consumers. This volume brings together a collection of papers that provide theoretical and empirical insights into privatization and regulation, as well as policy perspectives in relation to developing countries.
Author : Ingo Vogelsang
Publisher : Psychology Press
Page : 136 pages
File Size : 53,7 Mb
Release : 2001
Category : Business & Economics
ISBN : 0415274656
Public enterprises remain of fundamental importance in advanced economies, and this volume characterises them as hybrids, influenced by markets and ministries.
Author : I Vogelsang
Publisher : Taylor & Francis
Page : 136 pages
File Size : 54,8 Mb
Release : 2013-07-04
Category : Business & Economics
ISBN : 9781136470899
Public enterprises remain of fundamental importance in advanced economies, and this volume characterises them as hybrids, influenced by markets and ministries.
Author : John Vickers,George K. Yarrow
Publisher : MIT Press
Page : 476 pages
File Size : 54,6 Mb
Release : 1988
Category : Business & Economics
ISBN : 0262720116
The process of selling assests and enterprises to the private sector raises questions about natural monopolies, the efficiency and equity of state-owned versus privately owned enterprises, and industrial policy. This comprehensive analysis of the British privatization program explores these questions both theoretically and empirically.
Author : George K. Yarrow,Piotr Jasinski
Publisher : Taylor & Francis
Page : 568 pages
File Size : 52,9 Mb
Release : 1996
Category : Business & Economics
ISBN : 041514325X
Author : Peter Jackson,Catherine M. Price,Catherine Price
Publisher : Longmanuk
Page : 288 pages
File Size : 46,7 Mb
Release : 1994
Category : Business & Economics
ISBN : UOM:39015032183249
This is an overview of the privatization process, drawing upon UK and international experience. Theoretical and practical issues are discussed throughout. It discusses regulation, deregulation, contracting out and internal markets and examines the theory, the promises and reality of privatization.
