The Political Economy of Privatization and Deregulation

By: Elizabeth E. Bailey (Editor), Janet Rothenberg Pack (Editor)

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Hardcover | 1 January 1995

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672 Pages

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25.4 x 17.78 x 5.08

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The collection of articles in this volume reflect the vigorous implementation of privatization in Europe and deregulation in the United States over the last 25 years. The evolutions of the movements is discussed, both intellectually and politically.

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Acknowledgements
Introduction
The Economics of Property Rights: A Review of the Evidence	p. 5
Bureaucrats and Politicians	p. 52
Privatization, Information and Incentives	p. 79
Economic Rationales for the Scope of Privatization	p. 95
Behavior of the Firm under Regulatory Constraint	p. 131
The Theory of Economic Regulation	p. 149
The Economic Theory of Regulation after a Decade of Deregulation	p. 168
The Kennedy Subcommittee's Civil Aeronautics Board Practices and Procedures	p. 227
Cross-Subsidization: Pricing in Public Enterprises	p. 233
Weak Invisible Hand Theorems on the Sustainability of Multiproduct Natural Monopoly	p. 245
Contestable Markets and the Theory of Industry Structure: A Review Article	p. 261
Contestability and the Design of Regulatory and Antitrust Policy	p. 271
Applications of Economics to an Imperfect World	p. 277
Privatization in Theory and Practice	p. 295
The Regulation of Privatized Monopolies in the United Kingdom	p. 349
Privatization in Europe: A Comparison of Approaches	p. 368
The Opportunities and Constraints of Privatization	p. 385
The Relative Efficiency of Public and Private Firms in a Competitive Environment: The Case of Canadian Railroads	p. 413
The Relative Efficiency of Public and Private Firms in a Regulated Environment: The Case of U.S. Electric Utilities	p. 432
The Efficiency of Public versus Private Firms The Case of Australia's Two Airlines	p. 446
Ownership and Performance in Competitive Environments: A Comparison of the Performance of Private, Mixed, and State-owned Enterprises	p. 463
Change at the Exchange: The Causes and Effects of Deregulation	p. 499
The Evolution of U.S. Airline Competition	p. 539
Coal Rates and Revenue Adequacy in a Quasi-Regulated Rail Industry	p. 568
Economic Deregulation: Days of Reckoning for Microeconomists	p. 587
The Effects of the Breakup of ATandT on Telephone Penetration in the United States	p. 614
Postdivestiture Long-Distance Competition in the United States	p. 621
Effects of the Change from Rate-of-Return to Price-Cap Regulation	p. 627
Name Index	p. 635
Table of Contents provided by Blackwell. All Rights Reserved.

The Political Economy of Privatization and Deregulation

At a Glance

Hardcover

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Defective items

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