Privatization, Public Ownership, and the Regulation of Natural Monopoly

Released on by Christopher D. Foster
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  • Privatization, Public Ownership, and the Regulation of Natural Monopoly Book Detail

  • Author : Christopher D. Foster
  • Release Date : 1992
  • Publisher : Wiley-Blackwell
  • Genre : Government ownership
  • Pages : 480
  • ISBN 13 :
  • File Size : 6,6 MB
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Privatization, Public Ownership, and the Regulation of Natural Monopoly by Christopher D. Foster PDF Summary

Book Description: C.D. Foster drawing on his enormous experience in Government, industry and academia, has written a most comprehensive study of privatization policy under the Conservative Government of the last 2 years. In this lucid, non-technical work, Foster draws on the history of state intervention, regulation, and nationalization of industries that were argued to be natural monopolies, for example, the railways. The failure of nationalized industries, Foster argues, is rooted not only in inefficiency, but in the lack of any clear performance indicators of what such public enterprises should be achieving. These observations open out his book into a discussion of the development of privatization under Mrs Thatcher (not apparently part of a big plan, but more a muddling through of policy ideas). Subsequently Foster contrasts the legal and economic construction of regulation in the US to the looser rein of the new British style of regulation. The remaining chapters evaluate the performance and regulation of the newly privatized enterprises and Foster finds that on balance the new regulatory structures are workable and have avoided many of the problems of the past. Foster's scholarly and measured, yet accessible book is a moderate defence of what became a central ideological plank of Thatcherism. He calls for a carefully thought through planning of regulation where other States are thinking of privatizing their public enterprises. He also discusses how far the same objectives can be achieved through public enterprise reform. This book, given the wealth of detail about public policy should appeal greatly to lawyers, economists and political scientists, as well as those on courses in public administration and other professionals.

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Privatisation and Regulation

Privatisation and Regulation

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Seminar paper from the year 2004 in the subject Economy - Theory of Competition, Competition Policy, grade: 1, University of Ulster (School of Business Organisa