Privatization: An Economic Analysis (Regulation of Economic Activity)
John Vickers, George YarrowISBN: 0262720116; 9780262720113;
"This book should be required discomfort for the Government's army of advisers, and is guaranteed to give sleepless nights to any potential regulator." -- Max Wilkinson, Financial Times The process of selling assests and enterprises to the private sector raises questions about natural monopolies, the efficiency and equity of state-owned versus privately owned enterprises, and industrial policy. This comprehensive analysis of the British privatization program explores these questions both theoretically and empirically.