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The UK has pioneered the introduction of competition into previously monopolistic utility industries--such as telecommunications, gas, electricity, railroads, and even waterworks. The radical policy innovations behind these moves have been controversial. This book looks at the lessons that have thus ...

The UK has pioneered the introduction of competition into previously monopolistic utility industries--such as telecommunications, gas, electricity, railroads, and even waterworks. The radical policy innovations behind these moves have been controversial. This book looks at the lessons that have thus far emerged from the UK in this regard, considering the implications for future UK policies as well as for other countries following its precedent. The volume combines papers by independent experts with the work of specialist regulators to provide a comprehensive analysis of the issues.

The way in which regulation works is a key concern of industries, consumers, citizens, and governments alike. Understanding Regulation takes the reader through the central issues of regulation and discusses these from a number of disciplinary perspectives. This book is written by a lawyer and an ...

The way in which regulation works is a key concern of industries, consumers, citizens, and governments alike. Understanding Regulation takes the reader through the central issues of regulation and discusses these from a number of disciplinary perspectives. This book is written by a lawyer and an economist, but looks also towards business, political science, sociology, social administration, anthropology, and other disciplines. The fundamental strategies, institutions, and explanations of regulation are reviewed and the means of identifying `good' regulation are outlined. Individual chapters look at such topics as self-regulation, the regulation of risks, the cost-benefit testing of regulation, the importance of enforcement, and the challenge of regulating within Europe. The book's second part considers a series of issues of particular concern in modern utilities regulation, including the use of RPI-X price caps, the control of service quality, franchising techniques and ways of measuring regulatory performance. Questions of accountability and procedure are then examined and recent public debates on regulatory reform are reviewed. A central argument of Understanding Regulation is that regulation inevitably gives rise to political contention but that persons of different political persuasion can nevertheless converse sensibly on the search for better regulation.

During the 1970s, organized interests increasingly became involved in lobbying and advising the British government, often even administering public services. Known as "corporatism," this phenomenon involved professional organizations, trade associations, charities, and single-interest pressure ...

During the 1970s, organized interests increasingly became involved in lobbying and advising the British government, often even administering public services. Known as "corporatism," this phenomenon involved professional organizations, trade associations, charities, and single-interest pressure groups, and was frequently the object of public hostility. Although by the 1980s, corporatism seemed to have been repudiated, evidence of corporatism continues. The book is the result of a study undertaken by the Social Science Research Council to investigate the accountability of the organizations and to determine if corporatism threatens parliamentary government.