Competition in Regulated Industries

by Helm, Dieter; Jenkinson, Tim

• ISBN13: 9780198292531
• ISBN10: 0198292538
• Format: Hardcover
• Copyright: 1998-07-16
• Publisher: Oxford University Press

Summary

The UK has pioneered the introduction of competition into previously monopolistic utility industries--such as telecommunications, gas, electricity, railroads, and even waterworks. The radical policy innovations behind these moves have been controversial. This book looks at the lessons that have thus far emerged from the UK in this regard, considering the implications for future UK policies as well as for other countries following its precedent. The volume combines papers by independent experts with the work of specialist regulators to provide a comprehensive analysis of the issues.

Table of Contents

Contributors	vii	(4)
Preface	xi
Overview	1	(76)
1 Introducing Competition into Regulated Industries	1	(22)
Dieter Helm
Tim Jenkinson
2 Regulation, Competition, and the Structure of Prices	23	(17)
John Vickers
3 Network Industries	40	(37)
Michael Klein
The UK Experience	77	(116)
4 The Electricity Industry in England and Wales	77	(31)
Richard Green
David M. Newbery
5 The UK Gas Industry	108	(24)
Catherine Waddams Price
6 Telecommunications	132	(28)
Mark Armstrong
7 The Water Industry	160	(15)
Simon Cowan
8 The Rail Industry	175	(18)
W.P. Bradshaw
The Regulators' Perspective	193	(70)
9 The Generation and Supply of Electricity: The British Experience	193	(20)
S.C. Littlechild
10 Regulating Telecommunications	213	(21)
Fod Barnes
11 Competition in the Water and Sewerage Industry	234	(13)
I.C.R. Byatt
12 Competition in the Rail Industry: The Regulatory Perspective	247	(16)
John Swift
Bibliography	263	(10)
Index	273