PRICE CONTROL REGULATION OF PRIVATIZED UTILITIES IN THE UNITED KINGDOM: WHAT LESSONS FOR THE DEVELOPING ASIAN NATIONS?

Moazzem Hossain ()
Additional contact information
Moazzem Hossain: Department of International Business and Asian Studies, Griffith Business School, Griffith University, Nathan 4111, Australia

The Singapore Economic Review (SER), 2005, vol. 50, issue 01, 69-92

Abstract: Privatization of public utilities in the United Kingdom has been the key vehicle for attaining further improvement in living standards since the mid-1980s. The United Kingdom was the first of the developed nations to privatize public utilities in 1984 when it sold British Telecom (BT). In subsequent years, almost all developed and developing nations followed suit. Simultaneously, the UK's privatization initiatives established independent regulatory agencies to oversee the performance of the newly privatized natural monopolies to protect all the parties (consumers, operators and government) from any adverse consequences of privatization. Most importantly, the regulators oversee and manage the affects of privatization on price increases. This paper investigates the price control regulation of privatized utilities in the UK with a view to gaining further lessons from these experiences for the developing Asian nations where privatization of utilities is currently being seriously considered for adoption. The lessons are investigated from the economic viewpoints.

Keywords: Price control; Ramsey pricing; regulation; RPI-X (search for similar items in EconPapers)
Date: 2005
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.worldscientific.com/doi/abs/10.1142/S0217590805001858
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:serxxx:v:50:y:2005:i:01:n:s0217590805001858

Ordering information: This journal article can be ordered from

DOI: 10.1142/S0217590805001858

Access Statistics for this article

The Singapore Economic Review (SER) is currently edited by Euston Quah

More articles in The Singapore Economic Review (SER) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().