Public Ownership Versus Privatisation

Competition policy for natural monopolies in a developing market economy1

“…Indeed, Robinson (1992a) argues that "the main argument for privatisation is that it provides the quickest and most effective means of liberalisation in many markets." See also George (1991). Bijs (1993) is less optimistic: "A priori it is not clear why the state, failing to run the firms as owner, should now suddenly have become an efficient regulator.…”