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Institutional Reform, Regulation and Privatization - Process and Outcomes in Infrastructure Industries (Hardcover, illustrated edition)
Loot Price: R3,007
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Institutional Reform, Regulation and Privatization - Process and Outcomes in Infrastructure Industries (Hardcover, illustrated edition)
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This book provides evolutionary and institutional perspectives on
the reform of infrastructure industries, tracing the development of
this process in a number of sectors and countries.The contributors
contend that infrastructure based industries such as
telecommunications, public transport, water management and energy
have been increasingly exposed to the dynamism of the market since
becoming privatized, and have therefore been stimulated into
short-term efficiency and long-term innovation. Drawing on
institutional economic theory backed up with case studies such as
the California energy crisis, the Dutch gas industry, oil and
electricity companies in Spain and the privatization of Schipol
airport in Amsterdam, the book focuses on process, driving forces,
and actors' roles to explain how new balances are established
between competing institutions. The degree to which the processes
of institutional change are predictable and the effects of
deliberate strategic interventions of governments or private actors
are explored. Specific technical and sector aspects and their
influence on institutional change in various infrastructures are
also discussed. This book will strongly appeal to academics and
practitioners in politics or industry with an interest in
industrial, evolutionary institutional or public sector economics.
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