Regulatory Reform of Public Utilities

Regulatory Reform of Public Utilities

The Japanese Experience

Fumitoshi Mizutani

Covering issues such as deregulation, privatization, organizational reforms, and competition policy, Regulatory Reform of Public Utilities provides a comprehensive summary of regulatory reforms in Japanese public utility industries.

Chapter 2: Public and Private Provision

Fumitoshi Mizutani

Subjects: economics and finance, public sector economics


This chapter focuses on topics related to public corporations and private organizations in public utility industries. The public corporation is defined, and the role of public corporations and privatization policy are explained from a theoretical point of view. Although there are many kinds of public services, I will focus mainly on public utility services. The first section provides a rationale for public provision, followed by a discussion of what factors, relative to both supply and demand, cause growth in the public sector. In the third section, public corporations are defined and classified. Public corporations are institutional actors affecting each country’s economic and social conditions, and the focus here will be on the public corporations of Japan. The fourth section concerns private provision and efficiency, with an explanation of positive theories for private provision in the field of public services, including the public choice theory and the property rights theory. This section contains a discussion of the efficiency of private provision, with reference to related empirical evidence obtained from the results of previous economic and policy research. Factors affecting efficiency are then explored.

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