Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/87855
Authors: 
Powell, Andrew
Year of Publication: 
1996
Series/Report no.: 
Working Paper, Inter-American Development Bank, Office of the Chief Economist 329
Abstract: 
There are two similarities between the utility privatization programs of the UK and Latin America. Privatization has largely consisted of the transfer of industry-dominant, state companies into the private sector, often with statutory monopoly powers. In addition, the extensive use of price cap rather than rate-of-return regulation. A difference is that, arguably, the UK tried to create a fair but flexible regulatory policy by establishing a set of individual industry regulators somewhat independent from the government with considerable discretionary powers.
Document Type: 
Working Paper

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