Privatising Network Industries
By David Newbery. Social Science Research Network, 2004
117 citations recorded by the source corpus.
Successful network utility privatisation requires incentive-based regulation that allows investment to be adequately rewarded from unsubsidised revenues while maintaining quality, and restructuring that permits effective competition for the network services. The potential for success and the size of the potential gains from privatising and restructuring vary by utility, with a ranking telecoms, gas, electricity, water and lastly, rail. There are doubts whether privatising rail delivers sustainable improvements. The paper gives evidence primarily from the UK, and surveys some of the international evidence. Real consumer prices for telecoms, gas and electricity fell in the UK, overcoming most opposition to privatisation.
Subfields: Accounting, Media Technology, Strategy and Management
View Paper: https://www.semanticscholar.org/paper/e789036317686d571b3674fdd20ebdb36eda2516
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Citations in the corpus
- Infrastructure and Development: A Critical Appraisal of the Macro-level Literature (2008, background): “Similar conclusions arise from a review of the UK’s privatisation experience, as discussed in Parker (2004) and Newbery (2004).”
- Privatizing public enterprises in the European Union 1960–2002: ideological, pragmatic, inevitable? (2006, unknown): “In the EU, privatization went much further in competitive sectors (industry and finance) than in less competitive sectors such as the network industries (Newbery 2003), or services requiring social regulation.”