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In the 1980s and '90s, many countries turned to the private sector to provide infrastructure and utilities, such as gas, telephones, and highways - with the idea that market-based incentives would control costs and improve the quality of essential services. But subsequent debacles including the collapse of California's wholesale electricity market and the bankruptcy of Britain's largest railroad company have raised troubling questions about privatization. This book addresses one of the most vexing of these: how can government fairly and effectively regulate "natural monopolies" - those infrastructure and utility services whose technologies make competition impractical?

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Book Details

ISBN: 9780674022386
ISBN-10: 0674022386
Format: Paperback
(227mm x 146mm x 25mm)
Pages: 448
Imprint: Harvard University Press
Publisher: Harvard University Press
Publish Date: 1-Sep-2006
Country of Publication: United States

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Author Biography - Jose A. Gomez-Ibanez

Jose A. Gomez-Ibanez is Derek C. Bok Professor of Urban Planning and Public Policy, Graduate School of Design and Kennedy School of Government, Harvard University.