The Role of Market Forces
This chapter will consider the role which increasing competition may play in influencing the behaviour of nationalised industries, and the implications for the design of government policy to achieve it.
KeywordsMarket Force Predatory Conduct Public Enterprise Monopoly Power Public Ownership
Unable to display preview. Download preview PDF.
Notes and References
- 5.M. Beesley and S. Littlechild, ‘Privatisation: Principles, Problems and Priorities’, Lloyds Bank Review, no. 149 (July 1983) 1–20.Google Scholar
- W. J. Baumol, E. E. Bailey and R. D. Willig, ‘Weak Invisible Hand Theorems on the Sustainability of Multiproduct Natural Monopoly’, The American Economic Review, vol. 67, no. 3 (June 1977) 350–65.Google Scholar
- W. J. Baumol, ‘Contestable Markets: An Uprising in the Theory of Industry Structure’, The American Economic Review, vol. 72, no. 1 (March 1982) 1–15.Google Scholar
- E. E. Bailey, ‘Contestability and the Design of Regulatory and Antitrust Policy’, American Economic Review Papers and Proceedings, vol. 71, no. 2 (May 1981) 178–83.Google Scholar
- 11.M. E. Beesley, Liberalisation of the Use of British Telecommunications Network (London: HMSO, 1981).Google Scholar