Publication: Post-Privatization Performance-Regulating Telecommunications in the U.K : Testing for Regulatory Capture
Privatized in 1984, British Telecommunications (BT) is the longest-standing privatized utility in the United Kingdom. Comparing BT's stock market returns over a long period with returns for a comparable sample of firms not affected by regulation, the author assesses whether the new telecommunications regulatory regime has been "captured" (unduly influenced) by consumer groups, BT, or BT's competitor. He concludes that some regulatory decisions have favored consumers, some have accommodated BT, and some have favored BT's competitor and that, overall, the regulatory regime has checked monopoly power.
“Dnes, Antony. 1995. Post-Privatization Performance-Regulating Telecommunications in the U.K : Testing for Regulatory Capture. Viewpoint. © World Bank, Washington, DC. http://openknowledge.worldbank.org/entities/publication/d07ce126-24b3-5f4f-952e-10a15c5d9d50 License: CC BY 3.0 IGO.”
Other publications in this report series
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PublicationSmall Business Tax Regimes(World Bank, Washington, DC, 2016-02)Simplified tax regimes for micro and small enterprises in developing countries are intended to facilitate voluntary tax compliance. However, survey evidence suggests that small business taxation based on simplified bookkeeping or turnover is sometimes perceived as too complex for microenterprises in countries with high illiteracy levels. Very simple fixed tax regimes not requiring any books or records tend to be overly popular but prone to abuse. System reforms will require more precise tailoring of the simplified regimes to their target beneficiaries, coupled with strong compliance management to detect and deter abuse. The overall objective of simplified taxation for micro and small enterprises (MSEs) in developing countries is generally to facilitate voluntary tax compliance and remove obstacles in moving toward business formalization and growth.
PublicationCompetition and Poverty(World Bank, Washington, DC, 2016-04)A literature review shows competition policy reforms can deliver benefits for the poorest households and improve income distribution. A lack of competition in food markets hurts the poorest households the most. Competition in input markets and between buyers helps farmers and small businesses. And more competitive markets bolster job growth over the longer term. More research is needed, however, to better understand the impact of competition reforms and antitrust enforcement on poverty and shared prosperity.