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This title is the first in the Critical Perspectives on the World Economy series. It brings together contributions on privatization, including material on the philosophical and historical context. Specific subjects covered include: regulation and competition policy, different forms and techniques of privatization, and the impact of privatization. Drawing on a range of sources, the collection includes material by Hayek, Harold Demsetz, Douglass North, Janos Kornai, Jean Tirole and Jeffrey Sachs. It should be a useful reference for policy makers, as well as academics concerned with economic...

Competition in network industries faces particular problems which are analyzed from both a theoretical and policy perspective. Issues of vertical integration, deregulation and privatization are covered. While competition and privatization are rapidly unfolding in telecommunications in Western and Eastern Europe, energy and railway transportation represent sectors of more gradual liberalization. The different market characteristics of telecommunications, energy and transportation raise consistency problems in the fields of deregulation, investment strategies and internationalization. While...