The process of selling assets and enterprises to the private sector raises questions about natural monopolies, the efficiency and equity of state-owned versus privately owned enterprises, and industrial policy. This comprehensive analysis of the British privatization program explores these questions both theoretically and empirically.
About the Authors
Sir John Vickers is Drummond Professor of Political Economy at Oxford University.
George Yarrow is Director of the Oxford based Regulatory Policy Institute, an independent, charitable organization dedicated to the study of all aspects of regulation and deregulation. He is also an Emeritus Fellow of Hertford College, Oxford.
"This book should be required discomfort for the Government'sarmy of advisers, and is guaranteed to give sleepless nightsto any potential regulator."
—Max Wilkinson, Financial Times