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6min chapter
59. Tim Harford, the Undercover Economist: Are we too ideological about privatisation?
The Rest Is Money
Privatization and Competition in Utility Sectors
Exploring the impact of privatization on water and gas industries, emphasizing the role of competition in driving innovation and regulatory challenges in sectors like water due to environmental concerns. The chapter discusses examples from British Telecom and German railways to showcase varied outcomes and highlights the influence of government regulation and institutional factors.
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