Competition in Regulated Industries
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The UK has pioneered the introduction of competition into previously monopolistic utility industries. Competition has been introduced progressively, starting with British Telecom, and continuing with the gas and electricity industries, where it is to be completed during 1998. In water, competition has so far been restricted to new developments, and it is said that it will be phased in once the initial franchises expire. These radical policy innovations have been controversial, and raise significant generic problems concerned with market design, regulation, corporate strategy and income distribution. The lessons from the UK provide an essential input into liberalization throughout the world, as well as helping to shape the transitional arrangements already in place in the UK.
Format:Paperback
Language:English
ISBN:019829252X
ISBN13:9780198292524
Release Date:June 2005
Publisher:OUP Oxford
Length:300 Pages
Weight:0.93 lbs.
Dimensions:0.7" x 14.5" x 9.1"
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