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X-Inefficiency and Regulatory Regime Shift in the UK

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  • Button, Kenneth
  • Weyman-Jones, Thomas

Abstract

Concern over economic efficiency has increased in recent years in the U.K. and has been one of the major driving forces behind the regulatory reforms and privatisation measures which have been initiated since 1979. The amount of detailed work on economic efficiency, and especially on X-efficiency, in the U.K. is, however, relatively limited. The first part of the paper surveys the previous U.K. work in this field and explores the implications of the findings in terms of industry-wide studies and industry-specific studies. The second part of the study looks specifically at the issue of privatisation and the impact that this has had on X-efficiency in the context of the electricity supply industry.

Suggested Citation

  • Button, Kenneth & Weyman-Jones, Thomas, 1993. "X-Inefficiency and Regulatory Regime Shift in the UK," Journal of Evolutionary Economics, Springer, vol. 3(4), pages 269-284, December.
    • Handle: RePEc:spr:joevec:v:3:y:1993:i:4:p:269-84
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    Cited by:

    1. Kenneth Button & Thomas Weyman‐Jones, 1994. "Impacts Of Privatisation Policy In Europe," Contemporary Economic Policy, Western Economic Association International, vol. 12(4), pages 23-33, October.
    2. Itani, Nadine & O’Connell, John F. & Mason, Keith, 2015. "Towards realizing best-in-class civil aviation strategy scenarios," Transport Policy, Elsevier, vol. 43(C), pages 42-54.
    3. Bazargan, Massoud & Vasigh, Bijan, 2003. "Size versus efficiency: a case study of US commercial airports," Journal of Air Transport Management, Elsevier, vol. 9(3), pages 187-193.

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