Regulating Utilities: Understanding the Issues

Utility regulation in Britain has now entered a phase in which debate is no longer so much concerned with whether it is preferable to rival systems but with how to shape the'regulatory contract' in monopoly areas and, in potentially competitive areas, how to ensure rivalry.

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Contents

Regulatory Institutions and Regulatory Policy for Economics in Transition
MARTIN CAVE AND JON STERN, Comments by SIR BRYAN CARSBERG

Local Competition in UK Telecommunications
MARK ARMSTRONG, Comments by M.E.BEESLEY

Progress in Gas Competition