Successes and Failures in Regulating and Deregulating Utilities



Professor D R Myddelton argues that over-regulation of accounting is likely to lead to more bad practice and accounting scandals

Monetary Policy

Professor Pedro Schwartz argues that the political implications of the UK joining the euro are more important than the economic implications

The 2004 edition of the IEA's annual survey of the state of utility regulation and deregulation

This book is the latest annual review of utility regulation and deregulation, published by the IEA in association with the London Business School. It contains a series of chapters from leading practitioners in the field which comment on the most significant and up-to-date developments.

Two viewpoints are presented on each issue: the first by a distinguished academic or industry expert and the second, a shorter comment, usually by the relevant regulator. Together they show how regulation and deregulation are evolving, and highlight the successes which have been achieved and the failures which must be overcome. The book will be of considerable value to practitioners, policymakers and academics involved in regulatory reform and regulatory economics. It will also be of interest to anyone wishing to gain an overview of international regulatory policies.


Introduction by Colin Robinson

1 The failure of good intentions: the collapse of American telecommunications after six years of deregulation by J. Gregory Sidak. Chairman’s comments by David Edmonds

2 Road networks: efficiency, externalities and consumer choice by David Starkie.

Chairman’s comments by Leonard Waverman

3 The Enterprise Act: pluses and minuses for competition policy by George Yarrow. Chairman’s comments by Sir Derek Morris

4 Ofcom and light touch regulation by Martin Cave

Chairman’s comments by Irwin Stelzer

5 What to do about the railways? by Chris Nash. Chairman’s comments by Tom Winsor

6 Liberalising utility markets in the European Union by Frits Bolkestein. Chairman’s comments by Philip Fletcher

7 Measuring the success of postal regulators: best practice in postal regulation by Ian Senior. Chairman’s comments by Graham Corbett

8 Can regulation address the investment problem? Example from aviation by Doug Andrew. Chairman’s comments by Andrew Sentence

9 Gas, electricity and the energy review by Colin Robinson

Chairman’s comments by Callum McCarthy