Power, strategy and games economic regulation of a privatized utility.
By: Melville, Abigail.
Material type:
ArticleDescription: p.129-55.Subject(s): Public utilities - Great Britain | Regional water and sewage companies | Water authority | Public policy - Great Britain | Privatization - Great Britain | Water supply - Great Britain
In:
Management in GovernmentSummary: "This article rejects conventional `rational actor' models of economic regulation in favour of a focus on processes of resource exchange and dependence. Using a case study of Yorkshire Water it identifies the membership and structure of the regulatory arena, the resources available to regulatory actors, the `rules of the game', and the strategies adopted by regulator and regulated. It highlights the structurally privileged position of investors in water regulation and concludes that decision-making excludes customer interests; decisions are made by professional actors on the basis of co-operation and consensus; the regulator is relatively weak and depends on companies compliance to maintain its own legitimacy; and large companies have a great range of strategic options in pursuit of regulatory advantage"
| Item type | Current location | Call number | Vol info | Status | Date due | Barcode |
|---|---|---|---|---|---|---|
Articles
|
Indian Institute of Public Administration | Volume no: 26, Issue no: 1-4 | Available | AR30079 |
"This article rejects conventional `rational actor' models of economic regulation in favour of a focus on processes of resource exchange and dependence. Using a case study of Yorkshire Water it identifies the membership and structure of the regulatory arena, the resources available to regulatory actors, the `rules of the game', and the strategies adopted by regulator and regulated. It highlights the structurally privileged position of investors in water regulation and concludes that decision-making excludes customer interests; decisions are made by professional actors on the basis of co-operation and consensus; the regulator is relatively weak and depends on companies compliance to maintain its own legitimacy; and large companies have a great range of strategic options in pursuit of regulatory advantage"
There are no comments for this item.