Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/154928
Authors: 
Bortolotti, Bernardo
Fantini, Marcella
Siniscalco, Domenico
Year of Publication: 
1998
Series/Report no.: 
Nota di Lavoro 70.1998
Abstract: 
This paper sheds some light about privatisation in utilities. An empirical analysis based on sales in the electricity sector in 38 countries for the period 1977-97 shows that regulation is a crucial institutional variable in privatisation. Not only does it allow governments to increase the pace of divestiture and to sell higher stakes, but it also maximises proceeds reducing regulatory risk. The revenues-efficiency trade-off loses some relevance in electricity privatisation.
Subjects: 
Privatisation
Regulation
JEL: 
G30
L51
Document Type: 
Working Paper

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