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Reflections on Private Water Supply: Agency and Equity Issues
Author(s) -
Hanke Steve H.,
Walters Stephen J.K.
Publication year - 2011
Publication title -
journal of applied corporate finance
Language(s) - English
Resource type - Journals
eISSN - 1745-6622
pISSN - 1078-1196
DOI - 10.1111/j.1745-6622.2011.00339.x
Subject(s) - equity (law) , subsidy , agency (philosophy) , argument (complex analysis) , work (physics) , economics , public economics , business , water supply , market economy , political science , sociology , social science , law , mechanical engineering , biochemistry , chemistry , environmental engineering , engineering
In the second of the two articles, the authors reflect on and extend their earlier work by describing recent trends in water privatization, drawing important lessons from cases where privatization efforts have failed, offering suggestions about the way privatized firms can be successfully monitored, and addressing the popular argument that “fairness” demands that water be distributed by public firms at a zero (or heavily subsidized) price.