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OverviewRegulatory 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. This text 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. Full Product DetailsAuthor: Mark Armstrong (Professor and Director of ELSE Centre, University College London) , Simon Cowan (Worcester College) , John Stuart Vickers , Richard SchmalenseePublisher: MIT Press Ltd Imprint: MIT Press Dimensions: Width: 15.00cm , Height: 2.30cm , Length: 22.60cm Weight: 0.567kg ISBN: 9780262510790ISBN 10: 0262510790 Pages: 406 Publication Date: 20 October 1994 Recommended Age: From 18 years Audience: Adult education , Professional and scholarly , College/higher education , Further / Higher Education , Professional & Vocational Format: Paperback Publisher's Status: No Longer Our Product Availability: Awaiting stock  The supplier is currently out of stock of this item. It will be ordered for you and placed on backorder. Once it does come back in stock, we will ship it out for you. Table of ContentsReviewsThis is an authoritative reference book of regulatory theory andpractice, which will be invaluable to economists, regulatory managersand policy-makers. Philip Burns, The Journal of Energy Literature Author InformationMark Armstrong is Professor of Economics and Director of the ESRC Centre for Economic Learning and Social Evolution (ELSE). He is a Fellow of the British Academy, Co-editor of the RAND Journal of Economics, and Chairman of the Editorial Board of the Review of Economic Studies. Tab Content 6Author Website:Countries AvailableAll regions |
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