Since 2014
What Have We Learned about Privatization and Regulatory Reform?
Economic Analysis Review
View Archive Info| Field | Value | |
| Title |
What Have We Learned about Privatization and Regulatory Reform?
What Have We Learned about Privatization and Regulatory Reform? |
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| Creator |
Schmalensee, Richard
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| Description |
In the 1970s, economists generally advocated deregulation under competitive conditions but had little to say about privatization or methods of monopoly regulation. Largely reflecting innovations in all these policy areas, economists have generally raised their estimates of the benefits of privatization. deregulation, and reform of monopoly regulation. Logically and empirically, however, the economic implications of these reforms depend importantly on the political and institutional context. This essay considers what recent experience has taught us about the effects of privatization and regulatory reform, stressing the roles of information and commitment, and discusses implications of those lessons for research and policy analysis.
In the 1970s, economists generally advocated deregulation under competitive conditions but had little to say about privatization or methods of monopoly regulation. Largely reflecting innovations in all these policy areas, economists have generally raised their estimates of the benefits of privatization. deregulation, and reform of monopoly regulation. Logically and empirically, however, the economic implications of these reforms depend importantly on the political and institutional context. This essay considers what recent experience has taught us about the effects of privatization and regulatory reform, stressing the roles of information and commitment, and discusses implications of those lessons for research and policy analysis. |
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| Publisher |
Universidad Alberto Hurtado - Facultad de Economía y Negocios
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| Contributor |
—
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| Date |
2010-03-08
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — — |
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| Format |
application/pdf
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| Identifier |
http://www.rae-ear.org/index.php/rae/article/view/171
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| Source |
Revista de Análisis Económico - Economic Analysis Review; Vol 10, No 2 (1995); 21-39
Revista de Análisis Económico – Economic Analysis Review; Vol 10, No 2 (1995); 21-39 0718-8870 0716-5927 |
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| Language |
eng
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| Relation |
http://www.rae-ear.org/index.php/rae/article/view/171/307
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