Enterprise sales: experience and ideas in Western liberal countries1

Harriet Gray

Chapter 4 in Research Handbook on Privatisation, 2025, pp 58-88 from Edward Elgar Publishing

Abstract: Since its advocation by the United Kingdom's government in the 1980s, there has been an international trend away from government monopoly provision of utilities towards private ownership, open competition and independent regulation of the bottleneck infrastructure. However, the experience has tended to fall short of the objectives of privatisation. This chapter discusses the problems that are yet to be solved in the design of regulatory frameworks put in place at the time of privatisation, including: the design of the price regulation mechanism; the capacity of consumers to engage in these markets; the trade-offs between the benefits of an integrated model for delivery of a utility service and the adverse impact of integration on competition; and equity and maintaining public support for privatisation.

Keywords: Utilities; Natural monopoly; Government business enterprise; Privatisation; Economic regulation; Consumer welfare (search for similar items in EconPapers)
Date: 2025
ISBN: 9781035309979
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