publication . Article . Preprint . 1992

Privatization of natural monopoly public enterprises: The regulation issue

Bradburd, Ralph;
Open Access
  • Published: 30 Apr 1992 Journal: Review of Industrial Organization, volume 10, pages 247-267 (issn: 0889-938X, eissn: 1573-7160, Copyright policy)
  • Publisher: Springer Science and Business Media LLC
Abstract
Many developing countries are considering the privatization of public enterprise natural monopolies. Such as monopolies in charge of electricity, natural gas, water and sewer, and telephone service. The author tries to answer two questions: (i) how great would the efficiency losses be, if any, if a public natural monopoly were privatized and allowed to function as an unregulated entity? and (ii) how much could performance be expected to improve if the privatized natural monopoly operated as a regular firm? The author argues that the deadweight losses from monopoly pricing by unregulated privatized natural monopolies are likely to be modest and may well be outwei...
Subjects
free text keywords: Environmental Economics&Policies,Access to Markets,Administrative&Regulatory Law,Markets and Market Access,Economic Theory&Research, Management of Technology and Innovation, Strategy and Management, Economics and Econometrics, Organizational Behavior and Human Resource Management, Economics, Industrial organization, Welfare, media_common.quotation_subject, media_common, Public enterprise, Monopoly, Revenue, Allocative efficiency, Price elasticity of demand, Production efficiency, Natural monopoly, Microeconomics
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publication . Article . Preprint . 1992

Privatization of natural monopoly public enterprises: The regulation issue

Bradburd, Ralph;