Description
Book SynopsisEleven years after the first utility privatisation, the agenda has moved from whether privatisation will do better than its state predecessor to the question of how to do better with privatisation. The future of regulation seems very uncertain. The stakeholders consumers, politicians, the companies themselves and their shareholders are increasingly critical. Regulatory processes have borne the brunt of criticism. Conflicting remedies are suggested for the problems which have arisen. Should there be more competition? Should regulators' powers be increased and perhaps widened? Should some of their Offices be amalgamated? Should the respective powers of the Office of Fair Trading and the Monopolies and Mergers Commission be reconsidered? Should government become more involved in regulation? Each year the IEA, in association with the London Business School, publishes a volume of Readings which provides an up-to-date assessment of the state of utility regulation. In this, the latest in th
Table of ContentsIntroduction; MMC: Talking Shop or Decision-Maker?; Water: The Periodic Review Process; Interconnect: How Regulatory Objectives Should Be Met; Developing Competition: Regulatory Initiatives; Regulatory Relationships Between Key Players in the; Restructured Rail Industry; The Charter Airline Industry: A Case History of Successful; Deregulation; Competition in Electricity: Retrospect & Prospect; Regulation: Special Versus General.
