Authors: Matthew Bishop (Editor), Colin Mayer (Editor), John A. Kay
ISBN-13: 9780198773429, ISBN-10: 0198773420
Format: Paperback
Publisher: Oxford University Press, USA
Date Published: March 1995
Edition: (Non-applicable)
London Business School
Templeton College, Oxford
The last decade has witnessed the introduction of an elaborate system of regulation in the UK. Whole segments of British industry are now operating under the supervision of regulatory bodies similar to the government departments they were designed to replace. Regulation has been an inevitable part of the structural changes in the 1980s, notably the privatization program and changes in the financial services industries. This book assesses these developments across a number of sectors (utilities, telecommunications, financial services, health, and higher education) and offers a range of perspectives for understanding the various objectives, mechanisms, and institutions involved. The book offers important insights into the way in which the structure of privatized industries interact with the form of regulation.
List of Figures | ||
List of Tables | ||
Notes on Contributors | ||
Introduction | 1 | |
1 | Express Coaching: Privatization, Incumbent Advantage, and the Competitive Process | 18 |
2 | Conflicting Regulator Objectives: The Supply of Gas to UK Industry | 43 |
3 | Reforming the NHS | 67 |
4 | Regulatory Reform in Higher Education in the UK: Incentives for Efficiency and Product Quality | 85 |
5 | The Impact of Competition on Pricing and Quality of Legal Services | 119 |
6 | The Regulation of Financial Services: Lessons from the UK for 1992 | 138 |
7 | The Reregulation of British Broadcasting | 160 |
8 | Information Asymmetries and Product-Quality Regulation | 191 |
9 | Regulation and Standards Policy: Setting Standards by Committees and Markets | 210 |
10 | Regulation in the European Community and its Impact on the UK | 227 |
11 | Modified Regulation of Telecommunications and the Public Interest Standard | 254 |
12 | Competition and Regulation in Telecommunications | 283 |
13 | The Development of Telecommunications Policy in the UK, 1981-1991 | 309 |
14 | The Regulation of Product Quality in the Public Utilities | 336 |
15 | RPI - X Price-Cap Regulation | 358 |
16 | The Cost of Capital in Regulated Industries | 386 |
17 | Law and Regulation: Current Issues and Future Directions | 408 |
18 | Problems of Yardstick Regulation in Electricity Distribution | 423 |
Index | 445 |