Privatization Books

Book SynopsisThe electricity market has experienced enormous setbacks in delivering on the promise of deregulation. In theory, deregulating the electricity market would increase the efficiency of the industry by producing electricity at lower costs and passing those cost savings on to customers.

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Book SynopsisAs fundamental changes in supplier-purchaser relationships are sweeping the industry, this newly revised handbook offers timely analysis and practical strategies for operating in this new environment.Written by electric regulation specialists from the Washington law firm of Reid & Priest, this edition includes all new coverage of least-cost planning, emissions allowances and trading, transmission access and energy imports. Explains the development of power purchasing options; provides sample power purchase agreements and describes key provisions; and reviews the current state of law in the field.Table of ContentsCompetition and Market Pricing for Power (F. Norton, et al.). Least Cost Planning and Competitive Bidding (F. Norton & W. Dudley). Energy Imports (J. McGrane & D. Huston). Emission Allowances and Trading (J. McGrane). Purchase Options for Wholesale Customers (J. Mitchell). Purchases by Industrial Customers (K. McIntyre & M. Paul). Transmission Access (F. Norton, et al.). Opportunities Provided by the National Energy Policy Act (J. Mitchell & W. Dudley). Appendices.

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Book SynopsisAfrican pastoralist societies have institutions that enable them to survive in their semi-arid environment. Managing communally held land has been one key to their success. This book investigates the change even as a number of pastoralist communities have sought to transform their land tenure system from communal to private ownership.Trade ReviewLesorogol's use of experimental economics in this book is exciting and important. It is the only book that I know of that really examines the causes, processes, and outcomes of institutional change using a full complement of these methods. This book genuinely integrates multiple methods, and makes a strong theoretical argument even more believable and stronger because of the diverse data sets and multiple methods drawn on. - Elinor Ostrom, Arthur F. Bentley Professor of Political Science and Co-Director, Center for the Study of Institutions, Population and Environmental Change (CIPEC), Indiana University.

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Book SynopsisThe bestselling business classic from Pulitzer Prize-winning author Daniel Yergin, which puts into context the global effect of privitisation.

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Book SynopsisTrade Review"Winner of the ECPR Political Theory Prize, European Consortium for Political Research"

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Book SynopsisHow the deregulation of public services in the US has been a success, why it has failed elsewhereTrade ReviewThe authors (an economist-reporter, a lawyer, and a regulator) have a wealth of experience in utility regulation, and it is evident on every page. The recent electricity crisis in California (and Enron's participation) receives considerable attention. Throughout the book the democratic process receives most of the credit or blame. The authors' detailed description of the US utility regulatory system will be especially useful to those new to the topic. -- R. A. Miller, Wesleyan University in CHOICETable of ContentsDemocracy and Regulation: Introduction 1. Secrecy, Democracy And Regulation 2. Regulating In Public 3. Competition As Substitute For Regulation? Britain To California 4. Re-Regulation Is Not Deregulation 5. The Open Regulatory Process 6. Social Pricing 7. Issues That Are Publicly Decided 8. An Alternative: Democratic Negotiations 9. Be There: A Guide To Public Participation 10. A History Of Democratic Utility Regulation In The US 11. Regulating The Multinational Utility 12. Failed Experiments In The UK And The US 13. The Biggest Failures: California And Enron 14. International Democracy – Developing And Developed Countries 15. Conclusion Notes Index

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Book SynopsisCharts the rise of neoliberal Israel to show how Israeli security elites turn violence into a commodity.Trade Review'Shir Hever has emerged as one of the most incisive analysts of the critical Israeli Left.' -- Jonathan Nitzan, Professor in the Department of Political Science, York University'Shir Hever is an "engaged intellectual" par excellence. As a political economist and activist, he is well-placed to explore a little-known but key facet of Israel's occupation: the privatization of Israeli security and the economic and political benefits that accrue from both Israel's Occupation and its constant state of militarism' -- Jeff Halper, author of War Against the People: Israel, the Palestinians, and Global Pacification (Pluto, 2015)'[An] important study' -- Socialist ReviewTable of ContentsList of Tables List of Graphs Acknowledgements Abbreviations Preface 1. Introduction 2. Theoretical Framework 3. Developments in Israel’s Military and Security Institutions 4. Processes of Privatization of Security in Israel 5. Outsourcing the Occupation 6. Global Dimensions of Security Privatization in Israel 7. Conclusions Appendix: Overview of Privatization of Security in Israel Notes Filmography Bibliography Index

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Book SynopsisCharts the rise of neoliberal Israel to show how Israeli security elites turn violence into a commodity.Trade Review'Shir Hever has emerged as one of the most incisive analysts of the critical Israeli Left.' -- Jonathan Nitzan, Professor in the Department of Political Science, York University'Shir Hever is an "engaged intellectual" par excellence. As a political economist and activist, he is well-placed to explore a little-known but key facet of Israel's occupation: the privatization of Israeli security and the economic and political benefits that accrue from both Israel's Occupation and its constant state of militarism' -- Jeff Halper, author of War Against the People: Israel, the Palestinians, and Global Pacification (Pluto, 2015)'[An] important study' -- Socialist ReviewTable of ContentsList of Tables List of Graphs Acknowledgements Abbreviations Preface 1. Introduction 2. Theoretical Framework 3. Developments in Israel’s Military and Security Institutions 4. Processes of Privatization of Security in Israel 5. Outsourcing the Occupation 6. Global Dimensions of Security Privatization in Israel 7. Conclusions Appendix: Overview of Privatization of Security in Israel Notes Filmography Bibliography Index

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Book SynopsisThis Element highlights the pivotal role of corporate players in universal health coverage ideologies and implementation, and critically examines social innovation-driven approaches to expanding primary care in low-income settings.Table of Contents1. Setting the stage; 2. Corporatising health for all, step by step; 3. Innovating for whose benefit? global health inc.'s ventures in low-income settings; 4. Towards healthcare justice in the majority world; 5. Conclusion; References.

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Book SynopsisEvaluates China's privatization experience by investigating the efficiency and fairness of the sale process and the credibility of the government's ambition to create world-class state-owned conglomerates. This book explains how the state is withdrawing from key sectors such as automobiles, energy and telecoms.Trade Review'A lucid and comprehensive guide to China's privatisation puzzle. This book is a must-read for anyone trying to understand the big patterns or the devilish details of state-owned enterprise reform in China.' Arthur Kroeber, Managing Editor, China Economic Quarterly 'Like Dr. Doolittle’s Push-me Pull-you, China’s approach to state enterprise privatization is straining in opposite directions, and different analysts watch different ends and reach different conclusions about where it is going. Stephen Green and Guy Liu herd these experts into a valuable single volume on Beijing’s schizophrenic effort to sell off enterprises and retain enterprises simultaneously. Readers will end up no less sceptical that China’s approach will lead to efficient state divestiture with a modicum of fairness, but far more insightful and informed about the process and motivations.'Daniel Rosen, Institute for International EconomicsTable of ContentsIntroduction: Stephen Green & Guy S. Liu. Part I: Retreat: Privatisation Motives and Methods. 1. China’s industrial reform strategy: retreat and retain: Stephen Green & Guy Liu. 2. Privatization in the former Soviet bloc: Has China learned the lessons?: Stephen Green. 3. Chinese-style privatization: motives and constraints: Guy Liu, Pei Sun & Wing T. Woo. 4. The effects of privatization on China’s industrial performance: Liu Xiaoxuan. 5. Ownership reform in China’s TVEs: Sun Laixiang. 6. China’s public firms: how much privatization?: Guy Liu & Pei Sun. 7. The privatization two-step at China’s listed firms: Stephen Green. 8. Urban housing privatization: Li Bingqin. Part II: Retain: Non-privatization Industrial Reforms. 9. China’s privatization ministry? The State-owned Assets Supervision and Administration Commission: Stephen Green & He Ming. 10. Prospects for privatization in China’s energy sector: Philip Andrews-Speed and Cao Zhenning. 11. Private investment in China’s telecommunication sector: no Chinese, no foreigners allowed?: Marc Laperrouza.

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Book SynopsisContemporary privatization remakes nature-society as property and transforms people's relationships to themselves, each other, and the natural world. This groundbreaking collection provides the first systematic analysis of neo-liberal privatization. Rich case studies of privatization in the making reveal both the pivotal role that privatization plays in neoliberalism and new opportunities for challenging neo-liberal hegemony. Rich case studies linked to broader questions on neoliberalism Illustrates the importance of property relation and the complexities existing in the meaning and practice of property Extends current geographical scholarship on neoliberalism including neoliberalism and nature Each essay touches on the disciplinary, regulatory dimensions of privatization Highlights the importance of privatization, both broadly and specifically Trade Review?This collection is both complex and thought provoking. ? This book offers a much needed critical edge to exploring the contested space characterized by the co-modification of nature and the remaking of nature ? society relations as property.? (International Journal of Social Welfare , July 2009)Table of ContentsIntroduction: Becky Mansfield. 1. The Fictions of Autonomous Invention: Accumulation by Dispossession, Commodification and Life Patents in Canada (Scott Prudham). 2. The 'Commons' Versus the 'Commodity': Alter-globalization, Anti-privatization and the Human Right to Water in the Global South (Karen Bakker). 3. The Polanyian Way? Voluntary Food Labels as Neoliberal Governance (Julie Guthman). 4. Property, Markets, and Dispossession: The Western Alaska Community Development Quota as Neoliberalism, Social Justice, Both, and Neither (Becky Mansfield). 5. Discovering Price in All the Wrong Places: The Work of Commodity Definition and Price under Neoliberal Environmental Policy (Morgan Robertson). 6. The Difference that Class Makes: Neoliberalization and Non-Capitalism in the Fishing Industry of New England (Kevin St Martin). 7. Land Reform in the Time of Neoliberalism: A Many-Splendored Thing (Wendy Wolford). Index.

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Book SynopsisInstitutional weaknesses limit the capacity of local governments to support efficient urbanisation in developing countries - they also lead to the emergence of large developers, who have the ability to build entire cities. This paper analyses this urbanisation process.

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Book SynopsisA distinguished group of scholars explore the moral values and political consequences of privatization The 21st century has seen a proliferation of privatization across industries in the United States, from security and the military to public transportation and infrastructure. In shifting control from the state to private actors, do we weaken or strengthen structures of governance? Do state-owned enterprises promise to be more equal and fair than their privately-owned rivals? What role can accountability measures play in mediating the effects of privatization; and what role does coercion play in the state governance and control? In this latest installment from the NOMOS series, an interdisciplinary group of distinguished scholars in political science, law, and philosophy examine the moral and political consequences of transferring state-provided or state-owned goods and services to the private sector. The essays consider how we should evaluate the decision to priv

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Book SynopsisThe Fox in the Henhouse takes an in-depth look at the growing practice of privatizationâwhat it is, what it does to our society, and how we can stop it.Privatisation is one of the most important political and economic developments of our time, affecting virtually every person and state in the world. The purpose of The Fox in the Henhouse is to present, in clear, direct terms, an analysis of privatisation that will help people understand what is happening to them and what they can do about it. It gives people on all sides of many different privatisation struggles (over hospitals, schools, sanitation, water, Social Security, the military, public lands, the postal service, national parks, prisons) the arguments that have been used to place privatization at the center of the corporate agenda and to dominate the public debate. It also provides a historical framework that allows readers to center their thinking in questions of what it means to build a democratic society. And it provides the counter-arguments that people need both to argue and to fight back.

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Book SynopsisLegitimized by the arguments of efficiency gains, public housing, pensions, unemployment insurance and health care are all being gradually privatized. In many countries, even the state's 'night-watchmen' role of providing security is offered by private prisons and security guards. In the face of these and other developments, this book argues that on the basis of efficiency, morality and equality there is still an overwhelming need for public intervention - the res publica. Public or Private Goods? brings together leading scholars from various disciplines including economics, sociology, political science, geography and spatial planning. The book explores core public tasks that the state has traditionally provided but which are increasingly privatized and subsumed into the private sector. For example, although the state still funds and regulates core domains, it provides fewer and fewer visible goods. The authors show how this apparent invisibility of the state presents serious challenges for both income equality and democracy. This thoughtful interdisciplinary book will appeal to advanced students and academics in political science, public sector economics and public finance. It will also provide stimulating reading for politicians, policymakers and anyone interested in the provision of public services.Contributors include: F. Blank, G. Bonvissuto, J. Ferwerda, M. Getzner, G. Gutheil-Knopp-Kirchwald, J. Kadi, T. Knijn, I. Koetsier, J. Lewis, B. Unger, D. van der Linde, K. van Egmond, F. van WaardenTrade Review‘The editors have gathered an impressive multidisciplinary team of authors, which mirrors Egons Matzner's socio-economic and interdisciplinary approach to public finance: The authors are academics from economics, sociology, political science, geography and spatial planning. . . The contributions in this book form an indispensable starting point for all those who want to deal with questions of public goods and the common good in a fundamental and modern non-neoclassical way.' -- European Journal of Economics and Economic Policies: InterventionTable of ContentsContents: Foreword 1. Introduction Brigitte Unger, Loek Groot and Daan van der Linde 2. Value Based Demarcation Between the Public and the Private Domain Klaas van Egmond Part I Traditional Core Tasks of the State: Security 3. The Fight against Money Laundering: A Public Task? Joras Ferwerda 4. Natural Disasters and (Future) Government Debt Ian Koetsier Part II New Core Tasks: Social Security 5. The Advantages and Disadvantages of Different Pension System Designs Ian Koetsier 6. Pension Provision: (Still) a Public Task? Florian Blank 7. Protection Against Unemployment – A Res Publica? Brigitte Unger 8. More Health Care or More Beer? A Curious Paradox of Making Some Economic Tasks a Res Publica Frans van Waarden 9. ECEC: Childcare Markets in the Netherlands and England Trudie Knijn and Jane Lewis Part III Public Goods 10. Housing Policy and Spatial Inequality: Recent Insights from Vienna and Amsterdam Gerlinde Gutheil-Knopp-Kirchwald and Justin Kadi 11. Funding of Protected Areas: A Purely Public Task? Grazia Withalm 12. The Role of Governments in Conserving and Funding Cultural Institutions Michael Getzner 13. Income Distribution as a Public Task: The Redistributive Preferences of (Mis)informed Voters Daan van der Linde 14. Conclusions Brigitte Unger, Michael Getzner and Daan van der Linde Index

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Book SynopsisMuch has been written about Britain's trailblazing post-1970s privatization program, but the biggest privatization of them all has until now escaped scrutiny: the privatization of land. Since Margaret Thatcher took power in 1979, and hidden from the public eye, about 10 per cent of the entire British land mass, including some of its most valuable real estate, has passed from public to private hands. Forest land, defence land, health service land and above all else local authority land- for farming and school sports, for recreation and housing - has been sold off en masse. Why? How? And with what social, economic and political consequences? The New Enclosure provides the first ever study of this profoundly significant phenomenon, situating it as a centrepiece of neoliberalism in Britain and as a successor programme to the original eighteenth-century enclosures. With more public land still slated for disposal, the book identifies the stakes and asks what, if anything, can and should be done.Trade ReviewThe biggest privatisation of all isn't housing, railways, or utilities, but the oldest source of oligarchic power - land. In this clear, readable, accessible and maddening book, Brett Christophers makes clear the massive mismanagement, waste, opacity and centralisation of wealth that has resulted. Necessary reading for anyone who wants to know where ruling class power comes from, and how to take it back. -- Owen HatherleyThe detailed case for an English Land Commission, and the need for so many other new radical ideas not yet even first thought of. Why don't we surround London and fill the Home Counties with National Parks where the landowner has to look after the footpaths and cycle paths and over which we all have a right to roam? The New Enclosure raises, but does not yet answer the question of from where the new commons will arise. -- Danny Dorling (don't use on cover)This book forcefully explains how land ownership matters today. The New Enclosure combines a systematic analysis of the role of land and landownership in capitalist society with a compelling critique of neoliberalism in Britain. Christophers demonstrates that recent decades have seen a massive transfer of public land into private control. He documents the overwhelmingly negative and unjust consequences of this new process of enclosure and demolishes the ideology of privatization upon which it is based. No one who cares about the politics of land can ignore this powerful argument. -- David MaddenBritish taxpayers have been robbed blind by the recent fire sale of £400 pounds of public land. Like Henry VIII's destruction of the monasteries, Thatcher's privatisation frenzy has led to the destruction of public assets unprecedented amongst leading economies, and to the enrichment of landowners and financiers. In this comprehensive and rigorously researched book, Brett Christophers opens up a field of study - public land - largely buried by academia, landowners and no doubt, by financiers. A must-read. -- Ann PettiforWith his carefully crafted and meticulously researched study, he has made an essential contribution to our understanding of politics and government in modern Britain. -- Adam Tooze * Financial Times *If you're someone who's interested in Britain - and I mean Britain tout court: the whole 80,823 square miles of its physical existence - then this is a book you must read -- Will Self * Guardian *Brett Christophers' new book The New Enclosure: The Appropriation of Land in Neoliberal Britain is eye-opening. Or perhaps jaw dropping. Its subject is the privatization of publicly-owned land in Britain since the 1979 election of Margaret Thatcher. Christophers, a professor of economic geography at the University of Uppsala is a consistently interesting thinker. -- Diane Coyle * The Enlightened Economist *Brett Christophers's The New Enclosure: The Appropriation of Public Land in Neoliberal Britain towers with empirical and argumentative force. -- Steven Stoll * Orion Magazine *A stunning work of scholarship. * Orion Magazine *If you're interested in Britain, you must read this painstaking survey of land privatisation since the Thatcher era. -- Will Self * Guardian *Christophers is writing in the tradition of great historians such as R. H. Tawney and E. P. Thompson... -- Martin Daunton * Journal of Modern History *

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Book SynopsisPrivatization investment funds are the key feature of mass privatization programmes in transitional economies. This book offers a thorough survey of mass privatization programmes in the Czech Republic, Poland and Slovenia, supported with extensive empirical analysis. The study of 'top-down' privatization funds in Poland and 'bottom-up' funds in the Czech Republic and Slovenia offers different solutions to the problem of how to improve the governance of privatization funds. The authors argue that the institutional structure of closed-end investment companies and open-end mutual funds has not provided the right incentives to maximize the value for the shareholders. In addition too many regulations are in place in underdeveloped markets to protect new shareholders unaccustomed to exercising their ownership rights. Instead, the authors argue that they need to promote adjustment in fund portfolios and ownership structures in order to spur the development of capital markets and effective mechanisms of corporate governance.Table of ContentsContents: Introduction 1. The Governance of Privatization Funds in the Czech Republic 2. The Governance of Privatization Funds in Poland 3. The Governance of Privatization Funds in Slovenia Part I: The Role of Privatization Funds in Privatization and Post-Privatization Part II: Transformation of Privatization Funds Part III: Management Companies and Issues of Governance of Privatization Funds Part IV: The Governance of Privatization Funds with Special Reference to the Role of Supervisory Boards 4. The Impact of Privatization Funds on Corporate Governance in Mass Privatization Schemes: the Czech Republic, Poland and Slovenia 5. The Governance of Privatization Funds: Open Issues and Policy Recommendations References Bibliography Index

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Book SynopsisThis important book provides a comprehensive analysis of the impact of privatization on the economic performance of companies in Central and Eastern Europe. It sheds new light on the achievements and shortcomings of the privatization process and draws out lessons for the future.After considering the theoretical issues surrounding privatization, the authors provide an in-depth examination of corporate governance and company performance in advanced market economies as well as transition economies. They begin with a description of the main principles, techniques and results of privatization in Bulgaria, Estonia, Hungary and Poland. A statistical and econometric analysis of extensive company-level data and interviews from a large number of firms between 1990 and 1997 is then conducted to discover the main factors in changing economic performance. Using this information the authors compare the transformation of the company sectors in the four countries, and in addition assess company restructuring from the perspective of West European privatizations.Privatization and Economic Performance in Central Eastern Europe will be of interest to policymakers in governments and international organizations and those working in the fields of microeconomics, industrial organization and transition studies.Trade Review'. . . it is exactly this close and critical view on a complex topic by insider experts instead of the well known discourse deducted from (Western) assumptions and prejudices which makes the book highly valuable for both practical and scientific readers.' -- Thomas Steger, Journal for East European Management StudiesTable of ContentsContents: Introduction 1. Privatization: The Teaching of Western Experiences 2. Theories of Privatization and the Specific Features of East European Privatizations 3. Company Restructuring in the Bulgarian Transition 4. Company Restructuring in Estonia Between 1992 and 1995 5. Company Restructuring after Privatization in Hungary Between 1988 and 1997 6. Privatization and Company Restructuring in Poland 7. Company Restructuring after Privatization in a Comparative Perspective: Lessons from Four Central and East European Countries Index

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Book SynopsisClemens Schutte analyses the emergence of corporate control structures in the Czech privatization process. The book depicts the basic features of the Czech system of corporate control and the direction of its transformation. This is an extremely relevant subject since the Czech privatization process is a model case in several respects: it is institutionally open and hence allows for spontaneous development; and privatization has been carried out comprehensively and rapidly. Based upon a theoretical analysis of the institutional cornerstones of corporate control, the book develops clear recommendations which are subsequently used as a benchmark to assess the performance of the evolving Czech system of corporate control.The book discusses the role of the most important players in corporate control including the big bank-centred financial groups, capital markets, the board model of Czech corporations and the institutional base of debt control and minority shareholder protection. It also reveals the conflict of political intentions and real-time developments.As an important and timely contribution, this book will be invaluable reading for all those involved, or interested, in the privatization and corporate control of other Central and Eastern European countries. Those working in financial and political institutions will also find this book valuable.Table of ContentsContents: Introduction 1. A Theoretical Foundation of Corporate Control 2. Privatization in the Czech Republic 3. Voucher Privatization and the Evolution of Ownership Structures 4. Equity Control and Restructuring: The Governance Performance of the Financial Groups 5. Debt Control in Transition: Banks, Enterprises and the Rule of Law 6. The Performance of the Capital Market and the Legal Framework of Equity Control Conclusion References Index

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Book SynopsisDuring the last decade, privatization, understood here as the transfer of state-owned enterprises to the private sector, has become a widespread phenomenon among formerly socialist and mixed economies. It has been touted as a quick route to growth and prosperity in countries suffering from bloated, inefficient, and debt ridden public sectors. The contributors to this book, drawn from a number of social science disciplines, explore the various ways in which privatization programs affect workers in the reforming countries. The book includes an examination of how privatization impacts on labor economically, by changing the level and conditions of employment, as well as its influence on wages, benefits, and social services. A second section looks at the political effects of privatization on workers, focusing on the strength and militancy of trade unions and their relationship to political parties.The essays, written by scholars as well as policy practitioners, cover both post-socialist countries, including Russia, China, and Eastern Europe, and the developing regions - the Middle East, sub-Saharan Africa, and Latin America. Scholars and students in economics and political science as well as policymakers will find this collection a welcome addition to the literature on privatization.Trade Review'. . . this book makes a significant contribution to the debate about controversial privatisation issues and industrial policy responses to them. . . Privatization and Labor is an engaging and informative analysis of some of the most important and controversial privatisation issues, even when it is not completely persuasive.' -- Jung-Won Kim, Asia Pacific Business Review'The book, which consists of very interesting research and experiences on privatisation and deregulation from different parts of the world, is, ultimately, an extremely useful handbook in studying the effects of the current economic hegemony.' -- M. Kemal oke, South-East Europe ReviewTable of ContentsContents: 1. Introduction 2. Unions in Transition: Why Organized Labor Embraced Economic Reform in Poland (1989–1999) 3. Egyptian Labor Struggles in the Era of Privatization: The Moral Economy Thesis Revisited 4. The Political Element in Economic Reform: Labor Institutions and Privatization Patterns in South Asia 5. Enterprise Reform and Labor in North Africa 6. Public Sector Downsizing: An Introduction 7. Privatization and Employment: Some General Issues 8. Ironies and Obstacles to China’s Post-Socialist Housing Privatization 9. Provision of Social Benefits by Russian Enterprises: Managers’ Behavior and Motivations 10. The Political Economy of Pension Reform: Poland and Hungary 11. Labor and the Politics of Human Capital Accumulation Index

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Book SynopsisThis is a carefully edited selection of the most important articles concerning the impact of privatisation on corporate performance. It consists of 26 of the most significant papers on the subject previously published in leading journals around the world.Following a new introductory overview of the subject by the editor, Privatisation and Corporate Performance is divided into four main sections. Part I features material on the theory of privatisation. Part II follows with empirical studies of state and private ownership. Part III consists of papers on empirical studies of privatisation. The final part focuses on outstanding issues of privatisation and corporate performance and includes pointers to future research.This authoritative collection will be of particular interest to academics and students of privatisation and to managers, policymakers and consultants who are concerned with designing privatisation programmes.Table of ContentsContents: Acknowledgements Introduction David Parker PART I THE THEORY OF PRIVATISATION 1. James M. Buchanan (1978), ‘From Private Preferences to Public Philosophy: The Development of Public Choice’ 2. David E. Sappington and Joseph E. Stiglitz (1987), ‘Privatization, Information and Incentives’ 3. Carl Shapiro and Robert D. Willig (1990), ‘Economic Rationales for the Scope of Privatization’ 4. John Vickers and George Yarrow (1991), ‘Economic Perspectives on Privatization’ 5. Jean-Jacques Laffont and Jean Tirole (1991), ‘Privatization and Incentives’ 6. Giovanni De Fraja (1993), ‘Productive Efficiency in Public and Private Firms’ 7. Ellen M. Pint (1991), ‘Nationalization vs. Regulation of Monopolies: The Effects of Ownership on Efficiency’ 8. Johan Willner (1996), ‘A Comment on Bradburd: “Privatisation of Natural Monopolies”’ 9. Maxim Boycko, Andrei Shleifer and Robert W. Vishny (1996), ‘A Theory of Privatisation’ PART II EMPIRICAL STUDIES OF STATE AND PRIVATE OWNERSHIP 10. Thomas E. Borcherding, Werner Pommerehne and Friedrich Schneider (1982), ‘Comparing the Efficiency of Private and Public Production: The Evidence from Five Countries’ 11. Robert Millward (1982), ‘The Comparative Performance of Public and Private Ownership’ 12. Anthony Boardman, Ruth Freedman and Catherine Eckel (1986), ‘The Price of Government Ownership: A Study of the Domtar Takeover’ 13. Anthony E. Boardman and Aiden R. Vining (1989), ‘Ownership and Performance in Competitive Environments: A Comparison of the Performance of Private, Mixed, and State-Owned Enterprises’ 14. Matthew Bishop and David Thompson (1992), ‘Regulatory Reform and Productivity Growth in the UK’s Public Utilities’ 15. Jonathan Haskel and Stefan Szymanski (1993), ‘Privatization, Liberalization, Wages and Employment: Theory and Evidence for the UK’ PART III EMPIRICAL STUDIES OF PRIVATISATION 16. Ahmed Galal, Leroy Jones, Pankaj Tandon and Ingo Vogelsang (1994), extract from ‘Divestiture: Questions and Answers’ and ‘Synthesis of Cases’ 17. William L. Megginson, Robert C. Nash and Matthias van Randenborgh (1994), ‘The Financial and Operating Performance of Newly Privatized Firms: An International Empirical Analysis’ 18. David Parker and Stephen Martin (1995), ‘The Impact of UK Privatisation on Labour and Total Factor Productivity’ 19. V. Bhaskar and Mushtaq Khan (1995), ‘Privatization and Employment: A Study of the Jute Industry in Bangladesh’ 20. Carl Greenidge (1997), ‘A Case of the Curate’s Egg: The Political Economy of Privatization in Guyana’ 21. Narjess Boubakri and Jean-Claude Cossett (1998), ‘The Financial and Operating Performance of Newly Privatized Firms: Evidence from Developing Countries’ 22. Giovanni Fraquelli and Fabrizio Erbetta (2000), ‘Privatization in Italy: An Analysis of Factor Productivity and Technical Efficiency’ PART IV PRIVATISATION AND CORPORATE PERFORMANCE: SOME OUTSTANDING ISSUES 23. J.A. Kay and D.J. Thompson (1986), ‘Privatisation: A Policy in Search of a Rationale’ 24. Keith Cowling and Roger Sugden (1993), ‘A Strategy for Industrial Development as a Basis for Regulation’ 25. Dieter Bös (1999), ‘Theoretical Perspectives on Privatisation: Some Outstanding Issues’ 26. John Nellis (1999), ‘Time to Rethink Privatization in Transition Economies?’ Name Index

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Book SynopsisEvery year the Institute of Economic Affairs and the London Business School publish a volume of essays about Britain's system of utility regulation, with additional discussion of regulation in other countries. The book is a must for those interested in regulation, because it is an up-to-date review of the major issues in the field and includes the views of the sector regulators and the general competition authorities.Two papers are presented on each issue: the first by a distinguished academic or other expert and the second, a shorter comment, usually by the relevant regulator.Trade Review'This is a wide-ranging and fascinating book which deserves the close attention of anyone interested in regulatory issues. It combines challenging papers by recognised authorities, with commentaries by regulators and others with high-level practical experience in the field.' -- Philip Wright, The Journal of Energy LiteratureTable of ContentsContents: Introduction: Colin Robinson 1. Water: The 1999 Price Review – Colin Mayer, Chairman’s Comments – Colin Robinson 2. Alternative Approaches to Financial Regulation – David Llewellyn, Chairman’s Comments – Howard Davies 3. Competition Act Assessments and Economic Efficiency – George Yarrow, Chairman’s Comments – John Bridgeman 4. NETA and Transmission – Ralph Turvey, Chairman’s Comments – Eileen Marshall 5. The Future of European Communications Regulation: An Assessment of the European Commission’s 1999 Communication Review – Martin Cave and Luigi Prosperetti, Chairman’s Comments – David Edmonds 6. Railway Franchising: Is It Sufficient? On-Rail Competition in the Privatized Passenger Rail Industry – Ian Jones, Chairman’s Comments – Tom Winsor 7. A New Deal For Airports? – David Starkie, Chairman’s Comments – Malcolm Field 8. Gas: Regulatory Response to Social Needs – Catherine Waddams, Chairman’s Comments – Callum McCarthy 9. The Competition Commission: Prospects and Problems – Dan Goyder, Chairman’s Comments – Derek Morris Index

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Book SynopsisThe provision of water and sanitation services (WSS) in developing countries has traditionally been the preserve of the state, but recently there has been a move towards greater private sector participation (PSP).While the potential economic benefits of PSP are well-known, the authors extensively discuss the environmental and social implications unique to the sector. The focus of the book is on the crucial role public authorities must continue to play to guarantee sustainability, levels of service and access to a variety of consumers. The authors show how these objectives are realised in very different ways - and not always successfully - in developing countries. The authors critically review the current literature and include new case studies from Manila, Buenos Aires, Cordoba, Abidjan and Mexico City. Private Firms and Public Water will be of interest to regulatory officials, economists, development professionals and scholars, as well as government, business and NGOs.Trade Review'. . . the book is a useful exposition of some of the problems facing public regulators dealing with PSP in WSS in developing countries. It should be required reading for all working in the area.' -- Warren Musgrave, The Australian Journal of Agricultural and Resource Economics'The authors are to be congratulated on the appearance of a rare and important book, which provides much to think about in this topical area.' -- J.T. Winpenny, Development Policy Review'There is much useful information contained in this collection, a wealth of empirical evidence that shows in great detail the actual implementation of water service privatization. . . Both the editors and the authors of the individual case study sections have gone to great lengths to gather as much data regarding everything from service provision to user costs in order to paint what they hope is a reasonably full picture.' -- Pablo Shiladitya Bose, Natural Resources Forum'I think this is an important subject and the book is timely. It offers the reader a set of interesting and useful reviews of what is happening in this area in a number of developing countries. That there is a role for the private sector in financing sustainable development is not in doubt. But there are many pitfalls and a book such as this, which improves our understanding of how best to harness private resources is very welcome indeed.' -- Anil Markandya, University of Bath, UKTable of ContentsContents: 1. Introduction 2. Regulation of Social and Environmental Concerns with Increased Private Sector Participation in the Provision of Water and Sanitation 3. Water and Sanitation Provision in Low Income Neighbourhoods: The Scope for Service Differentiation and Decentralised Management 4. Private Sector Participation in Water Supply and Sanitation: Realising Social and Environmental Objectives in Buenos Aires 5. Private Sector Participation in Water Supply and Sanitation: Realising Social and Environmental Objectives in Manila 6. Private Sector Participation in Water Supply and Sanitation: Realising Social and Environmental Objectives in Mexico D.F. 7. Private Sector Participation in Water Supply and Sanitation: Realising Social and Environmental Objectives in Abidjan 8. Conclusions References Index

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Book SynopsisPrivatization has dominated industrial restructuring programs since the 1980s and continues to do so. This authoritative and accessible Handbook considers all aspects of this key issue, including: the theory of privatization; privatization in transition, developed and developing economies; as well the economic regulation of privatized industries.The studies in this volume, introduced by international experts in the field present evidence of the scope and effects of privatization, and consequently provide the basis for improving both policy formulation and implementation. However, they also emphasize that privatization is not an end in itself. It is argued that for privatization to be worthwhile and for lasting economic efficiency gains to be achieved, supporting reforms must accompany most privatization programs, particularly in the arenas of corporate governance and capital markets, product market competition, and state regulatory processes. Furthermore, several contributions demonstrate that the degree to which ownership and market liberalization can be usefully separated, and whether privatization without either competition or effective regulation is worthwhile, remain controversial issues.Furnishing the reader with a comprehensive and lively discussion of privatization in theory and practice, this Handbook will be the essential source of information for researchers in the field, and for a wide-ranging audience including public policy makers and specialists, development experts and agencies, international banks, public policy and regulation economists, and management consultants.Trade Review'The challenges of privatization are well described in this International Handbook. On the theoretical side, market efficiency gains are shown to be balanced with agency and market failure losses. Empirically, a wide range of case studies offer many lessons on best practices. The book should be invaluable both to practitioners and scholars.' -- Elizabeth Bailey, University of Pennsylvania, USTable of ContentsContents: Preface 1. Introduction David Parker and David Saal Part I: Privatization in Theory and Practice 2. History and Methods of Privatization William L. Megginson and Jeffry M. Netter 3. Privatization: Analysing the Benefits Colin Robinson 4. Privatization: A Sceptical Analysis Johan Willner 5. Methods of Privatization Cosmo Graham Part II: Privatization in Developed Economies 6. Privatization in the European Union David Parker 7. Privatization in North America Anthony E. Boardman, Claude Laurin and Aidan R. Vining 8. Privatization: The Australian Experience Graeme A. Hodge 9. Postal Privatization in the United States Michael A. Crew and Paul R. Kleindorfer Part III: Privatization in Developing Countries 10. Assessing the Impact of Privatization in Developing Countries Paul Cook and Colin Kirkpatrick 11. The Privatization Experience of Brazil Werner Baer 12. Privatization in China Joseph C.H. Chai 13. Privatization in Mexico and Chile: A Critical Perspective Miguel D. Ramírez 14. Privatization in South Africa Erwin Schwella 15. Privatization in Sub-Sahara Africa Paul Bennell Part IV: Privatization in the Transition Economies 16. Privatization and Corporate Governance in Transition Economies: Theory and Concepts Igor Filatotchev 17. Privatization in Russia Paul Hare and Alexander Muravyev 18. Privatization and Corporate Governance in the Czech Republic Michal Mejstrík 19. All Roads Lead to Outside Ownership: Polish Piecemeal Privatization Thomasz Mickiewicz and Maciej Baltowski 20. Privatization in Hungary and its Aftermath Iván Major 21. Privatization in Ukraine Saul Estrin and Adam Rosevear Part V: Regulating Privatized Industries 22. Regulation: Theory and Concepts Dieter Bös 23. Regulating Prices and Profits Thomas Weyman-Jones 24. Comparing Regulatory Systems Anthony Ogus 25. Privatization and Regulation of Public Utilities: Problems and Challenges for Developing Economies David Parker 26. Restructuring, Regulation and the Liberalization of Privatized Utilities in the UK David Saal Index

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Book SynopsisPublic-private collaboration in infrastructure projects takes place in a variety of institutional frameworks worldwide. This volume considers the different cultural, political and legal settings in the US, UK, Japan and other countries and regions where policymakers are reconsidering traditional mechanisms for raising and deploying capital. By focusing on concrete examples in specific countries, the editors and contributors draw useful lessons for strong sector performance in telecommunications, power, water and social infrastructure. Innovative strategies that work can be modified and refined in other sectors and other countries. Going beyond ideological debate, this volume presents a pragmatic approach to best practice, one that combines market-oriented solutions with governmental oversight according to the specific cultural and institutional situations.Regulators, academics, policymakers, politicians, and students in public policy, finance and economics will find this volume practical and original.Trade Review'This book provides a useful overview of international developments in this important area of public policy. The breadth of international coverage is an important strength.' -- John Quiggin, Australian Journal of Public AdministrationTable of ContentsContents: Introduction Part I: Japan: Public–Private Partnerships in Transition 1. Infrastructure Building in the Japanese Telecommunications Sector: From Public–Public to Public–Private Partnership 2. The Third Sector's Failure in Japan 3. Regulatory Reform of the Electricity Industry in Japan: An Overview of the Process Part II: UK and India: Declining Role of the State 4. The Declining Role of the State in Infrastructure Investments in the UK 5. Private Initiatives in the England and Wales Electricity Industry 6. Private Financing Initiatives in India's Telecommunications Sector 7. Private Financing Initiatives in India's Electricity Sector Part III: US and Emerging Markets: Stakeholders and the Status Quo 8. Public Power: Perspectives in Electricity Restructuring 9. Domestic and International Environmental Issues in Restructuring Electric Industries 10. Infrastructure Management: Applications to Latin America 11. Institutions and Telecommunications Performances in Africa: Stability, Governance, and Incentives Conclusion Index

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Book SynopsisLatin American countries have now privatized a large number of their utility industries and make more use of market approaches to delivery through networks. Privatization has major consequences for efficiency, long-term growth, consumer welfare and income distribution but insufficient attention has been paid to the direct effect on consumers of regulation and the introduction of competition. This book assesses how reform processes can be improved, particularly in the light of experience in some Latin American and European countries. The authors address the question of infrastructure reforms in a novel way by focusing on the impact which they can have on consumers through the prices paid by different groups and on their access to the networks. They analyse original material from four Latin American countries - Argentina, Bolivia, Chile, Peru - and two European countries - Spain and the UK. Access is especially relevant when considering immature systems which have not yet extended to cover the majority of the population, as is the case in many Latin American countries. The authors also address the widespread impact of privatization on the economy (via macroeconomic influences) and the more general issues of subsidies and regulation which are endemic to these industries. The book focuses on the reform of four sectors: telecommunications, electricity, gas, and water and sanitation.Academics, students, practitioners and policymakers specialising in economics, development and institutional reform will value the book's unique focus on the consumer experience of utility privatization and regulation, complemented by the rigorous case study analysis of the effects on prices and access.Trade Review'Whether a casual student of the subject or a specialist on utility privatization and regulation, this book captures the attention of the reader with a structure for each of the 10 chapters that takes one through a succinct yet informative background, thereby setting the tone for understanding the authors' hypothesis and conclusions, regardless of whether one agrees with them. In summary, this is a timely, well-written book that makes a relatively novel contribution to the aftermath assessment of utility privatization and regulation in some Latin American and European countries.' -- Sergio Galina-Hidalgo, The Journal of Energy and DevelopmentTable of ContentsContents: Part I: Access, Affordability and Institutions 1. Introduction 2. Access by the Poor in Latin America’s Utility Reform: Subsidies and Service Obligations 3. Access to Utilities by the Poor: A Global Perspective 4. Consumer Participation and Pro-poor Regulation in Latin America Part II: Country Case Studies 5. UK Utility Reform: Distributional Implications and Government Response 6. The Reform of the Utilities Sector in Spain 7. The Reform of the Utilities Sector in Argentina 8. Can the Gains from Argentina’s Utilities Reform Offset Credit Shocks? 9. Capitalization, Regulation and the Poor: Access to Basic Services in Bolivia 10. Redistributive Impact of Privatization and Regulation of Utilities in Chile 11. The Social Impact of Privatization and the Regulation of Utilities in Peru Index

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Book SynopsisThis book examines the ongoing transformation of public utilities, also known as network-based industries, in Western Europe and the United States. Examples are telecommunications, energy, and water distribution. Most of these network-based industries were until recently natural monopolies. Over the last two decades national governments have embarked upon privatization, deregulation and liberalization of their public utilities. The contributors in this volume examine the many related aspects, including: key characteristics and regulation of network based industries the emerging EU regulatory framework corporate strategies, industry dynamics, and organizational performance case studies from the telecommunications and water industries engineering competition versus engineering regulation. This book provides a non-ideological and multidisciplinary overview of recent views and experiences with the liberalization, privatization and regulatory reform of public utilities in Europe and the United States. As such it will be of interest to scholars and researchers of institutional economics, and organizational studies, as well as regulators, policymakers and consultants involved in both studying and governing network-based industries.Trade Review'The introductory chapter by the editors is extremely wide-ranging and therefore very useful for any reader not yet introduced to the manifold intricacies of this topic. What is remarkable about this chapter is that three aspects are dealt with at the same time: the driving forces of the reform of network industries, the economics of pro-competitive regulation of them, and the political and institutional traps/complexities of this process. If this were not enough, it is done with a view on both the US and Europe. The remainder of the book shows, sometimes with painstaking detail, not only how difficult it is for regulators and their political masters but also for incumbents and not just for new entrants, as is always stressed. It shows the tricky question of extending reforms to the water and sewage sectors, how complex state/company interactions are in the first and later stages of reform and how hard it is to design 'regulation' properly in the second generation.' -- Jacques Pelkmans, College of Europe, Bruges and Centre for European Policy Studies, Brussels, BelgiumTable of ContentsContents: Introduction: Making Markets and Controlling Competition: Regulatory Reform in Public Utilities Part I: Perspectives on Engineering Competition 1. Engineering Competition: The European Approach 2. The Role of Regulation in an Era of Partial Competition Part II: Empirical Overview Papers 3. The Dynamics of Regulation: Performance, Risk and Strategy in the Privatized, Regulated Industries 4. The Privatization of Infrastructures in the Theory of the State: An Empirical Overview and a Discussion of Competing Theoretical Explanations Part III: Country/Sector Studies 5. Policies for Open Network Access 6. Liberalization and Technical Change in Finland 7. A Waterloo of Utility Liberalization? How Great Deregulation Expectations were Dashed by the Dutch Water Industry in the 1990s Part IV: Conclusion 8. Engineering Competition – Or Engineering Regulation? Index

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Book SynopsisThis book provides a comparative study of the telecommunication reform process in three Central American countries - Costa Rica, Guatemala and Honduras - focusing on the roles of the local private sector and international financial institutions.By addressing the following questions, the book aims to understand the potential for the emergence of an autonomous and inclusive regulatory state: What has been the main driving force behind the wave of privatizations in Latin America? What has been the role of the international financial institutions (IFIs)? What kind of state emerges after privatization and regulatory reform? Why does privatization remain so unpopular? The author discusses the historical role of telecommunications in state power, the sources of proposed, failed and implemented reforms, and the political processes determining their destiny. Benedicte Bull concludes that the reform processes in the three countries show significant variation. This is accounted for - not by the different relationship to the IFIs, but by the different relationships between the state and the private sector. The impact of this on the reform process is also the key to understanding the state's capacity for post-reform regulation and the unpopularity of privatization.Academics and students with an interest in Latin American studies, international political economy, comparative politics and development studies will find this book of great appeal.Trade Review'This book, as the author intended, does indeed shed light on the role of competing elites as well as the IFIs in shaping the resulting new political economy in Central America. It could not have come at a better time, since CAFTA is bringing the issue to the streets again in these and other countries of the region. This book is definitely a "must read" for all those interested in the topic.' -- Rodolfo Cerdas, Latin American Studies'This is an important and thought provoking book for the understanding of privatisation. The author perceptively identifies contradictions that emerge from the process and outcome of privatisation, and attempts to explain these through a comparative analysis of telecommunications reform in three Central American countries. The result is a carefully researched book that provides new insights into the politics of privatisation. It will be compelling reading for the student and practitioner alike.' -- Paul Cook, University of Manchester, UKTable of ContentsContents: Preface 1. Privatization Puzzles 2. The Politics of Privatization 3. Guatemala: Privatization in a Captured State 4. Costa Rica: In Defense of the Welfare State 5. Honduras: Privatization in the Ritual Aid Dance 6. Comparisons and Conclusions: Privatization, Development and Legitimacy Bibliography Index

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Book SynopsisPrivatization has dominated industrial restructuring programs since the 1980s and continues to do so. This authoritative and accessible Handbook considers all aspects of this key issue, including: the theory of privatization; privatization in transition, developed and developing economies; as well the economic regulation of privatized industries.The studies in this volume, introduced by international experts in the field present evidence of the scope and effects of privatization, and consequently provide the basis for improving both policy formulation and implementation. However, they also emphasize that privatization is not an end in itself. It is argued that for privatization to be worthwhile and for lasting economic efficiency gains to be achieved, supporting reforms must accompany most privatization programs, particularly in the arenas of corporate governance and capital markets, product market competition, and state regulatory processes. Furthermore, several contributions demonstrate that the degree to which ownership and market liberalization can be usefully separated, and whether privatization without either competition or effective regulation is worthwhile, remain controversial issues.Furnishing the reader with a comprehensive and lively discussion of privatization in theory and practice, this Handbook will be the essential source of information for researchers in the field, and for a wide-ranging audience including public policy makers and specialists, development experts and agencies, international banks, public policy and regulation economists, and management consultants.Trade Review'The challenges of privatization are well described in this International Handbook. On the theoretical side, market efficiency gains are shown to be balanced with agency and market failure losses. Empirically, a wide range of case studies offer many lessons on best practices. The book should be invaluable both to practitioners and scholars.' -- Elizabeth Bailey, University of Pennsylvania, USTable of ContentsContents: Preface 1. Introduction David Parker and David Saal Part I: Privatization in Theory and Practice 2. History and Methods of Privatization William L. Megginson and Jeffry M. Netter 3. Privatization: Analysing the Benefits Colin Robinson 4. Privatization: A Sceptical Analysis Johan Willner 5. Methods of Privatization Cosmo Graham Part II: Privatization in Developed Economies 6. Privatization in the European Union David Parker 7. Privatization in North America Anthony E. Boardman, Claude Laurin and Aidan R. Vining 8. Privatization: The Australian Experience Graeme A. Hodge 9. Postal Privatization in the United States Michael A. Crew and Paul R. Kleindorfer Part III: Privatization in Developing Countries 10. Assessing the Impact of Privatization in Developing Countries Paul Cook and Colin Kirkpatrick 11. The Privatization Experience of Brazil Werner Baer 12. Privatization in China Joseph C.H. Chai 13. Privatization in Mexico and Chile: A Critical Perspective Miguel D. Ramírez 14. Privatization in South Africa Erwin Schwella 15. Privatization in Sub-Sahara Africa Paul Bennell Part IV: Privatization in the Transition Economies 16. Privatization and Corporate Governance in Transition Economies: Theory and Concepts Igor Filatotchev 17. Privatization in Russia Paul Hare and Alexander Muravyev 18. Privatization and Corporate Governance in the Czech Republic Michal Mejstrík 19. All Roads Lead to Outside Ownership: Polish Piecemeal Privatization Thomasz Mickiewicz and Maciej Baltowski 20. Privatization in Hungary and its Aftermath Iván Major 21. Privatization in Ukraine Saul Estrin and Adam Rosevear Part V: Regulating Privatized Industries 22. Regulation: Theory and Concepts Dieter Bös 23. Regulating Prices and Profits Thomas Weyman-Jones 24. Comparing Regulatory Systems Anthony Ogus 25. Privatization and Regulation of Public Utilities: Problems and Challenges for Developing Economies David Parker 26. Restructuring, Regulation and the Liberalization of Privatized Utilities in the UK David Saal Index

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Book SynopsisThe transformation of public ports into commercially orientated and profitable entities is occurring apace in the Asia-Pacific region. This timely book is the first to take a regional perspective on port reform and port privatisation. A range of countries is examined, including China, Japan, Korea, Malaysia, Singapore, Australia and New Zealand. The book's contributors are academic specialists in the fields of port economics and management, whose country studies illustrate a variety of port privatisation methods and outcomes in an economically, politically and culturally diverse region connected by extensive maritime trade networks. Significantly, the book concludes that privatisation of ports is an important but far from universal approach to reforming the region's ports.Focusing exclusively on port privatisation in the Asia-Pacific region, this book will be of great interest to academics and policymakers who are interested in port reform, together with those interested in privatisation more generally in the Asia-Pacific region.Trade Review'This book is an excellent reference on the state of port reform throughout the Asia-Pacific region. While there have been a number of articles in recent years on port reform in Australia, China, Hong Kong, Korea and Singapore, much of the Asia-Pacific region has been overlooked. This book not only rectifies this gap by providing much needed insight into the situation in India, Japan, Malaysia, and New Zealand, while also consolidating the work already completed elsewhere. With the rise of Asia as the world's most important shipping and port market, the editors are to be commended for bringing new voices to the discussion and developing a strong contribution to the port reform and port governance literature.' -- Mary R. Brooks, Dalhousie University, CanadaTable of ContentsContents: 1. Introduction: Port Reform in the Asia-Pacific Region Malcolm Tull and James Reveley 2. Privatisation Postponed: Convergence and Divergence in Australian and New Zealand Port Reform James Reveley and Malcolm Tull 3. The Governance of the Port of Hong Kong Kevin Cullinane 4. Port Corporatisation and Privatisation: China’s Experience Min Qiu 5. Privatisation and Labour Relations in Asian Ports: The Case of Port Klang, Malaysia Douglas P. Hill, Timothy J. Scrase and Andrew Wells 6. Port Reform in Singapore: Towards Privatisation? Jose Tongzon 7. Japanese Container Ports: Economic Structure and Prospects for Privatisation Kunio Miyashita 8. Port Reform and Privatisation in Korea Dong-Wook Song 9. Developing India’s Ports: Balancing Economic and Social Objectives Douglas P. Hill 10. Conclusion Fred Affleck Index

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Book SynopsisRegulatory 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.Table of ContentsContents: 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

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Book SynopsisThis insightful book demonstrates how China has emerged as one of the world's largest privatizing countries within a decade.Since the 1980s, there has been a global wave of transfer of state assets to private hands. China is a relatively late participant in this worldwide trend, yet, in the last decade it has emerged as one of the largest privatizing countries. Shu-Yun Ma argues that China?s privatization is not based on any grand blueprint; rather, it is privatization by ?groping for stones to cross the river?, a well-known metaphor often attributed to Deng Xiaoping, meaning that the reform simply proceeds on a trial-and-error basis without being guided by any theory.With original case studies, including one on China?s first industrial shareholding enterprise, this informative book, will be of great interest to the academic community, China observers and policymakers, as well as financial analysts.Table of ContentsContents: 1. Introduction 2. Shareholding System Reform as the Chinese Way of Privatization 3. Evolution of the Shareholding System Reform 4. The Role of Spontaneity and State Initiative in the Shareholding System Reform 5. Foreign Participation in China’s Privatization and the Role of the State 6. China’s Privatization through Listing State Enterprises in Hong Kong 7. Completing Privatization through ‘Share Conversion’ 8. Conclusion: Privatizing through Groping for Stepping Stones References Index

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Book SynopsisPrivatization and Economic Efficiency assesses the economic content of many of the beliefs surrounding privatization. It develops a new and novel inter-disciplinary approach linking economic and organizational dimensions.A series of case studies examines the theory, evidence and policy experience of privatization in developed and developing nations. These studies focus on the UK, US, Egypt and Jamaica. The book concludes that privatization is an appealingly simple phrase concealing many difficulties and problems for analysts, researchers and policymakers.Trade Review'. . . overall the volume is interesting, readable, and well produced. . .' -- Stephen Trotter, The Economic Journal

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Book SynopsisThis collection of important previously published articles reflects the vigorous implementation of privatization in Europe and the deregulation in the United States over the last quarter century. The evolution of the movements is described, both intellectually and politically. Deregulation and privatization are bound together by the economic, political and intellectual underpinnings that gave rise to their implementation. The editors have written a new introduction to accompany the volume.Table of ContentsPART I THE EVOLVING INTELLECTUAL HERITAGE A THEORIES OF GOVERNMENT FAILURE, PROPERTY RIGHTS AND PRIVATIZATION 1. Louis De Alessi (1980), ‘The Economics of Property Rights: A Review of the Evidence’ 2. William A. Niskanen (1975), ‘Bureaucrats and Politicians’ 3. David E.M. Sappington and Joseph E. Stiglitz (1987), ‘Privatization, Information and Incentives’ 4. Carl Shapiro and Robert D. Willig (1990), ‘Economic Rationales for the Scope of Privatization’ in Ezra N Suleiman and John Waterbury (eds) B THEORIES OF REGULATION AND THE DEREGULATION MOVEMENT 5. Harvey Averch and Leland L. Johnson (1962), ‘Behavior of the Firm under Regulatory Constraint’ 6. George J. Stigler (1971), ‘The Theory of Economic Regulation’ 7. Sam Peltzman (1989), ‘The Economic Theory of Regulation after a Decade of Deregulation’ 8. Richard E .Caves (1976), ‘The Kennedy Subcommittee’s Civil Aeronautics Board Practices and Procedures’ C THE THEORY OF CONTESTABLE MARKETS AND DEREGULATION 9. Gerald R. Faulhaber (1975), ‘Cross-Subsidization: Pricing in Public Enterprises’ 10. William J. Baumol, Elizabeth E Bailey and Robert D Willig (1977), ‘Weak Invisible Hand Theorems on the Sustainability of Multiproduct Natural Monopoly’ 11. Michael Spence (1983), ‘Contestable Markets and the Theory of Industry Structure: A Review Article’ 12. Elizabeth E. Bailey (1981), ‘Contestability and the Design of Regulatory and Antitrust Policy’ 13. Alfred E. Kahn (1979), ‘Applications of Economics to an Imperfect World’ PART II PRIVATIZATION: THEORY AND PRACTICE A A MIXED WORLD OF PRIVATIZATION AND REGULATION 14. George Yarrow (1986), ‘Privatization in Theory and Practice’; also ‘Discussion’ by Mervyn King, Jacques Mairesse and Jacques Melitz 15. M. E.Beesley and S. C. Littlechild (1989), ‘The Regulation of Privatized Monopolies in the United Kingdom’ 16. Dieter Bos (1993), ‘Privatization in Europe: A Comparison of Approaches’ 17. Janet Rothenberg Pack (1991), ‘The Opportunities and Constraints of Privatization’ B COMPARING EFFICIENCY OF PRIVATE AND PUBLIC FIRMS 18. Douglas W. Caves and Laurits R. Christensen (1980), ‘The Relative Efficiency of Public and Private Firms in a Competitive Environment: The Case of Canadian Railroads’ 19. Scott E. Atkinson and Robert Halvorsen (1986), ‘The Relative Efficiency of Public and Private Firms in a Regulated Environment: The Case of U. S. Electric Utilities’ 20. David G. Davies (1971), ‘The Efficiency of Public versus Private Firms The Case of Australia’s Two Airlines’ 21. Anthony E.Boardman and Aidan R.Vining (1989), ‘Ownership and Performance in Competitive Environments: A Comparison of the Performance of Private, Mixed and State-owned Enterprises’ PART III FEATURES OF THE DEREGULATED MARKETPLACE 22. Gregg A. Jarrell (1984), ‘Change at the Exchange: The Causes and Effects of Deregulation’ 23. Severin Borenstein (1992), ‘The Evolution of U.S. Airline Competition’ 24. Ann F. Friedlaender (1992), ‘Coal Rates and Revenue Adequacy in a Quasi-Regulated Rail Industry’ 25. Clifford Winston (1993), ‘Economic Deregulation: Days of Reckoning for Microeconomists’ 26. Jerry Hausman, Timothy Tardiff and Alexander Belinfante (1993), ‘The Effects of the Breakup of AT&T on Telephone Penetration in the United States’ 27. William E. Taylor and Lester D. Taylor (1993), ‘Postdivestiture Long-Distance Competition in the United States’ 28. Ronald R. Braeutigam and John C. Panzar (1993), ‘Effects of the Change from Rate-of-Return to Price-Cap Regulation’

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