THE EFFECT OF MARKET REGULATION ON NEWLY PRIVATIZED STATE-OWNED COMPANIES

Dumitru Alexandru Bodislav

Annals - Economy Series, 2014, vol. 3, 28-31

Abstract: Before the ’70s the regulation economy was focused on antitrust laws. In 1962, the economists George Stigler and Claire Friedland [1] shaped the regulation idea on state-owned utilities companies (especially in the energy sector). They answered to the following question: can some regulatory agencies to achieve their goal of decreasing the cost of electric energy? Stigler and Friedland had shown „the inability to find some concrete effects of regulations on the price of electric energy”. This fact corroborated with the idea that the public sector is an efficient instrument for reaching targeted goals in European and emergent countries and the privatization phenomenon. This research paper tries to answer the question of what is happening when state-owned companies are privatized, are they getting along at the same pace in the regulated market economy or are they on an ascending trend for peak performance.

Keywords: market regulation; privatization; state-owned companies; deregulation; economic growth (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2014:v:3:p:28-31

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