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Titre : Privatization: An Economic Analysis. Signed ...
Éditeur : The MIT Press, Cambridge, Massachusetts
Date d'édition : 1988
Reliure : Blue hardback cloth cover
Etat de la jaquette : Dust Jacket Included
Signé : Signed by Author(s)
Edition : First Edition.
454pp. With dust jacket Signed 'With best wishes George Yarrow 20/4/88'. VG : in very good condition. Author's inscription and signature on fep. N° de réf. du libraire r9727
Synopsis : This 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.
A propos de l'auteur:
Sir John Vickers is Drummond Professor of Political Economy at Oxford University.
George Yarrow is Director of the Oxford based Regulatory Policy Institute, an independent, charitable organization dedicated to the study of all aspects of regulation and deregulation. He is also an Emeritus Fellow of Hertford College, Oxford.
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