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The Challenges of PrivatizationAn International Analysis$
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Bernardo Bortolotti and Domenico Siniscalco

Print publication date: 2004

Print ISBN-13: 9780199249343

Published to Oxford Scholarship Online: April 2004

DOI: 10.1093/0199249342.001.0001

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Privatizing Monopolies

Privatizing Monopolies

(p.98) 6 Privatizing Monopolies
The Challenges of Privatization


Oxford University Press

This chapter provides stylized facts about privatization in network industries, with a special focus on electricity. It shows that regulation is the key for successful sales in monopolistic industries. First, it allows the accomplishment of large scale programs. Second, and more importantly, it determines the success of privatization in terms of proceeds. Establishing a credible regulatory framework allows governments to reduce uncertainty, and to raise more proceeds. Under specific circumstances, the chapter shows that revenue-efficienct trade-offs may disappear.

Keywords:   electricity, market liberalization, monopolies, regulation, utilities, vertical integration

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