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This paper provides evidence that ownership and organization matters for the efficiency of provision of public services. In particular, we find that pure private ownership is more efficient than pure public ownership, followed by mixed ownership. The delegation of management in different legal...
Persistent link: https://www.econbiz.de/10011574108
The reform of the UK utilities over the last fifteen years has laid considerable emphasis on the incentive properties both of private ownership and the regulation of the privatized industries which has followed. This paper reviews the arguments for such policy, and describes the use of...
Persistent link: https://www.econbiz.de/10014056019
Price controls -- typically reviewed every five years in the United Kingdom -- have been controversial. The author … traces the development of U.K. price controls and explains that the initial controls for electricity and water companies …. Although the utilities are still unpopular in the United Kingdom, most experts would be willing to defend the periodic price …
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econometric procedures on slave price data constructed by Whatley (2018) over the period 1699 to 1807 and find evidence of a …
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regulator Ofgem replaced its approach to energy network price control and incentive regulation with a Revenue …
Persistent link: https://www.econbiz.de/10012194437
Successful network utility privatisation requires incentive-based regulation that allows investment to be adequately rewarded form unsubsidised revenues while maintaining quality, and restructuring that permits effective competition for the network services. The potential for success and the...
Persistent link: https://www.econbiz.de/10001921430