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Private Water and Economic Regulation in the United States

In: Handbook Utility Management

Author

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  • Janice A. Beecher

    (Michigan State University)

Abstract

The water industry in the United States exhibits complex structural features. Compared with other public utilities, and despite substantial capital investment needs, the water industry in the US continues to be dominated by public ownership - as it does in most corners of the world. The reality of [privatization[ in the form of expanded ownership or operation of water supply assets does not seem to match the rhetoric. Effective economic regulation is a necessary but insufficient condition for private involvement in the water sector because of water's monopolistic character, reinforced by other market imperfections. Expansion of the private role may depend on the industry's ability to demonstrate clear economic advantages, regulatory and other policy reforms, and political and public acceptance.

Suggested Citation

  • Janice A. Beecher, 2008. "Private Water and Economic Regulation in the United States," Springer Books, in: Andreas Bausch & Burkhard Schwenker (ed.), Handbook Utility Management, chapter 45, pages 779-801, Springer.
    • Handle: RePEc:spr:sprchp:978-3-540-79349-6_45
    DOI: 10.1007/978-3-540-79349-6_45
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    Cited by:

    1. Homsy, George C. & Warner, Mildred E., 2020. "Does public ownership of utilities matter for local government water policies?," Utilities Policy, Elsevier, vol. 64(C).

    More about this item

    Keywords

    water; privatization; regulation;
    All these keywords.

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