Tricky compromises: problems with regulation and privatisation

Tricky compromises: problems with regulation and privatisation

Published Jan 2002

Authors

David Parker, Colin Kirkpatrick, false

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Tricky compromises: problems with regulation and privatisation

Regulation is required to alleviate the damaging effects that market imperfections such as monopolies can have for social wellbeing and economic development. Regulation, however – be it by governments or independent agencies - faces two particular problems of its own: ‘hold-up’ and ‘information asymmetry’. What is at stake when countries try to regulate the market for development?

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