Some regulation is essential if market economies are to work efficiently and effectively, in the public interest. At the same time, ill-conceived regulation can seriously damage economic growth. This chapter reviews the international research on regulation, enterprise and competition and reviews recent initiatives in the UK intended to reduce regulatory costs. The research confirms the importance of evidence-based policy-making. Reflecting this, recent regulatory reform in the UK has focused on reducing the incidence of poorly designed and implemented regulation, by improving the policy-making process within government.
Edited by David Parker and David Saal
Privatization has dominated industrial restructuring programs since the 1980s and continues to do so. This authoritative and accessible Handbook considers all aspects of this key issue, including: the theory of privatization; privatization in transition, developed and developing economies; as well the economic regulation of privatized industries.
Michael A. Crew and David Parker
Regulatory economics has become increasingly important over the last quarter of a century, in part as a result of the wave of privatization, starting in the UK, which made the regulation of monopoly of much greater interest. The discipline has also become more rigorous, increasingly employing powerful analytical and econometric methods. This research review examines some of the leading contributions to the literature on this subject.