Governments, Competition and Utility Regulation

Governments, Competition and Utility Regulation

Edited by Colin Robinson

Governments, Competition and Utility Regulation continues the series of annual books, published in association with the Institute of Economic Affairs and the London Business School, which critically reviews the state of utility regulation and competition policy.


Colin Robinson

Subjects: economics and finance, competition policy, public sector economics


Colin Robinson The thirteenth series of the Beesley Lectures on Regulation was held in the autumn of 2003. The Lectures, arranged by the London Business School and the Institute of Economic Affairs, are named after the late Professor Michael Beesley, who originated the series in 1991 and was the main organizer until his death in September 1999. Lectures given in the 2003 series are reprinted in this volume: all have been revised by their authors for publication. Also included in this volume are the comments on the lectures made by the chairman of each session, acting in his or her capacity as discussant. Analysis of regulation of the privatized utilities in Britain – gas, electricity, water, telecommunications and the railways – constitutes the core of the series, as it has done from the beginning. But the emphasis on experience in other countries and on international issues has increased, as was Michael Beesley’s intention. In the 2003 series, in addition to papers on the British utilities, there were lectures on competition policy and trade, on US experience of deregulation, on emissions trading and on European merger control. Chapter 1 is by Professor Frédéric Jenny, of the Conseil de la Concurrence in Paris, who has studied in great detail the debate within the World Trade Organization (WTO) on whether international trade rules should be complemented by competition rules. Jenny argues that transnational anticompetitive practices, in particular ‘hardcore cartels’, impose significant costs on developing countries and undermine attempts to liberalize trade. However,...