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Books > Business & Economics > Economics > Microeconomics
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Competition in Regulated Industries (Paperback)
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Competition in Regulated Industries (Paperback)
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The UK has pioneered the introduction of competition into
previously monopolistic utility industries. Competition has been
introduced progressively, starting with BT, 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.
This volume brings together independent experts with the specialist
regulators to provide a comprehensive analysis of the issues. The
common themes are drawn together in the introduction. The volume
will be essential reading for utility companies, regulators,
politicians and policy advisors.
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