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  • 1
    Online Resource
    Online Resource
    Water Privatization and Regulation in England and Wales (2012)
    Washington, DC : World Bank
    Details
    UID:
    gbv_797575227
    Format: Online-Ressource
    Series Statement: Viewpoint: Public Policy for the Private Sector Note 115
    Content: In 1989, the United Kingdom embarked on one of the first modern privatizations in the water sector, selling assets under license and setting up an independent economic regulator. An important regulatory innovation is its use of price caps and yardstick competition. The author highlights two lessons from U.K. regulatory experience: effective price cap regulation has heavy information requirements, and the necessary data and analytical tools take time to assemble. And such built-in checks and balances as financial autonomy for the regulator and status as an independent government department are not always enough to prevent political interference.
    Note: English
    Language: English
    URL: Volltext  (kostenfrei)
    URL: kostenfrei
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