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Market Distortions in Privatisation Processes [Kõva köide]

(Institute of Economic Affairs)
  • Formaat: Hardback, 104 pages, kõrgus x laius: 216x138 mm, kaal: 370 g
  • Ilmumisaeg: 21-Dec-2022
  • Kirjastus: Routledge
  • ISBN-10: 1032419350
  • ISBN-13: 9781032419350
Teised raamatud teemal:
Market Distortions in Privatisation ProcessesSuurem pilt
  • Formaat: Hardback, 104 pages, kõrgus x laius: 216x138 mm, kaal: 370 g
  • Ilmumisaeg: 21-Dec-2022
  • Kirjastus: Routledge
  • ISBN-10: 1032419350
  • ISBN-13: 9781032419350
Teised raamatud teemal:
Püsilink: https://www.kriso.ee/db/9781032419350.html
Märksõnad:
Drawing on a range of global case studies, Market Distortions in Privatisation Processes illustrates the ways in which market distortions damaged the ability of privatisation processes to yield concrete benefits to consumers.

The book compares and contrasts privatisations of state-owned enterprises around the world where competition informed the regulatory design and thus liberated consumer welfare. In particular, the cases are drawn from the electricity and gas sector, the telecoms industry, and postal services each of which has been frequently privatised in different context. For each industry, the book explores the UK and US experiences as well as looking at international cases from both developed and developing countries including, where appropriate, Japan, Colombia, Romania and Mexico. The emphasis is on analysing the impact that market distortions have had on the outcomes of those privatisations. The book also looks at how public service objectives were achieved and how they too can be designed in pro-competitive or anti-competitive ways.

This book will be of significant interest to readers in international business, economics, and law.
1 Impact of Market Distortions in the Specific Case of Privatisation
1(18)
The Privatisation Conundrum
1(3)
Public Versus Private Ownership: The Real Issue
4(1)
History of Privatisation in Britain
5(2)
The US Experience
7(3)
Telecoms Industry
10(1)
Energy
11(2)
Postal Experience
13(1)
De-Integration as a Way of Introducing Competition
13(1)
Market Competition as a Method of Regulation
14(1)
The US Airline Deregulation
15(1)
The Question of Natural Monopoly
16(1)
State Ownership of Utilities
17(2)
2 Competition and Regulated Industries: Electricity and Gas
19(24)
Generation
19(2)
Competition at the REC Level
21(1)
Government Ownership
21(1)
Vertical Integration
22(1)
What Was the Measurable Impact of Privatisation?
22(1)
Electricity Pools
23(1)
The US Example
24(2)
The Transmission Market
26(2)
Regulation in the Gas Sector
28(1)
Relationship Between Gas and Electricity
29(1)
Differences Between Gas and Electricity
30(1)
Key Competition Issues
30(1)
The UK Gas Experience
31(1)
Competition in Storage and Transmission
32(1)
The European Gas Directive
32(1)
Public Service Obligation
33(1)
Access
34(1)
Argentina
34(1)
Impact of Cross-Border Trading
35(1)
Colombia Natural Gas Market
36(1)
Common Themes and General Principles
36(1)
Accounting Separation and Transparency
37(1)
Cross-Subsidisation
38(1)
Impact on Trade
39(1)
Climate Change and International Trade
40(3)
3 Competition and Regulated Industries: Telecommunications
43(29)
Introduction
43(1)
Cost-Price Differential and Bottleneck Features
44(1)
Interconnection
45(1)
Cross-Subsidisation
45(1)
Technological Innovation
45(3)
Interconnection Versus Facilities-Based Competition
48(1)
Rebalancing
49(1)
WTO Basic Telecommunications Agreement and Reference Paper
50(1)
Scope of Basic Telecoms Agreements' Commitments
51(1)
Reference Paper
52(1)
Evolution of the Essential Facilities Doctrine
53(2)
Applying the Basic Telecoms Agreement in Dispute Resolution: Telefonos de Mexico
55(3)
Incumbent Companies and Value-Added Services: South Africa Telecom
58(1)
Poland Telecoms
59(1)
Chile
59(1)
Romania Telecoms
59(1)
Type of Cost-Oriented Regulation Applied to Telecom Firms
60(1)
Evaluation of Costs
60(1)
Anti-Competitive Cross-Subsidisation
61(2)
The Impact of State-Ownership on Cost-Oriented Pricing
63(1)
Recoupment of Lost Profit
64(1)
Role of Market Power
64(1)
Rate of Change of Market Power
64(1)
Impact of the Reserved Sector on Pricing: Nature of the Reservation
65(1)
The Impact of the Universal Service Commitment on Competition
66(3)
Regulatory Design
69(1)
Summary
70(2)
4 Postal Services
72(22)
Arguments in Favour of Postal Privatisation
72(1)
Costs in Private Firms
73(1)
Reserved Sector Analysis
74(2)
Universal Service Issues
76(1)
Japanese Postal Privatisation Example
76(2)
Anti-Competitive Cross-Subsidisation
78(1)
Importance of Competition Agency Engaging in Its Advocacy Role
79(1)
New Communications Economy
80(1)
Public Goods Theory
81(2)
Privatisation Options Through the Competition Lens
83(2)
Competition Issues in Japanese Privatisation That May Impact Trade Built-Out Infrastructure
85(2)
Auctioning Off Reserved Sector?
87(1)
Interconnection
88(1)
Treatment of Costs in Alleged Cross-Subsidisation Cases
89(1)
Impact of Pre-Existing Government Ownership
90(1)
Measure of Cost
90(2)
Concluding Thoughts on Market Distortions in the Postal Sector
92(2)
5 Conclusion
94(2)
Index 96
Shanker Singham is one of the worlds leading international trade and competition lawyer and economists. He is a former advisor to both the UK Secretary of State for International Trade (2016-2018) as well as a former cleared advisor to the United States Trade Representative (2009-2016). He has led the market access and WTO practices of two large global law firms, and has advised governments and multinationals. He is author of A General Theory of Trade and Competition: Trade Liberalisation and Competitive Markets (CMP, 2007) and over 100 book chapters and articles. He is the lead author of the Singham-Rangan-Bradley model to measure Anti-Competitive Market Distortions.