 Competition Issues in Privatisation: Lessons for the RailwaysMike Adamson, Wynne Jones and Robin Pratt Chapter 3 in Transport in a Free Market Economy, 1991, pp 49-78 from Palgrave Macmillan Abstract: Abstract Privatisation is a term that has evolved to describe a policy, the effects of which are to enhance private-sector involvement in the ownership, management and financing of hitherto public-sector activity. The principal objective of privatisation should be to improve efficiency of service or product provision, reduce costs (hence tariffs) and serve consumers better. In practice the policy has had a multiplicity of (on occasion conflicting) objectives, whose relative weights have changed over time. These have been extensively reviewed by many authors, including Beesley and Littlechild (1983), Kay and Silberston (1984), Kay and Thompson (1986) and Vickers and Yarrow (1988). The economic objectives have included: improving economic efficiency and customer service (in part through reducing and clarifying the role of the public sector); reducing the public-sector borrowing requirement; promoting wider share ownership. Keywords: Electricity Industry; Natural Monopoly; Network Industry; Common Carriage; Rail Service (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-11439-9_4 Ordering information: This item can be ordered from DOI: 10.1007/978-1-349-11439-9_4 Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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