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SOME ALTERNATIVE APPROACHES TO UTILITY REGULATION
Author(s) -
Littlechild Stephen
Publication year - 2008
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/j.1468-0270.2008.00841.x
Subject(s) - scope (computer science) , flexibility (engineering) , monopoly , human settlement , industrial organization , business , economies of scope , representation (politics) , public economics , economics , law and economics , risk analysis (engineering) , market economy , marketing , computer science , engineering , political science , economies of scale , law , management , programming language , waste management , politics
Is it inevitable that monopoly networks should continue to be regulated in their present form? Such regulation has limitations as well as advantages. In some countries, negotiated settlements between utilities and users including customer groups provide greater flexibility and innovation and better representation of consumer interests. There is scope for applying such alternative institutional arrangements in the UK.