The PPI (Private Participation in Infrastructure) Project Database covers private participation in infrastructure in developing countries. The database records details of all projects owned or managed by private companies in 1984-97 in the water, energy, transport, and telecommunications...

In 1989, the United Kingdom embarked on one of the first modern privatizations in the water sector, selling assets under license and setting up an independent economic regulator. An important regulatory innovation is its use of price caps and yardstick competition. The author highlights two...