Publication: Post-Privatization Performance-Regulating Telecommunications in the U.K : Testing for Regulatory Capture
Date
1995-10
ISSN
Published
1995-10
Author(s)
Dnes, Antony
Abstract
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.
Citation
“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.”
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