TY - JOUR
T1 - The timing of tariff structure changes in regulated industries
T2 - Evidence from England and Wales
AU - Giulietti, Monica
AU - Otero, Jesus
N1 - Funding Information:
We would like to thank Joseph Farrell, Jeremy Smith, Paul Stoneman, Catherine Waddams, Michael Waterson, Alison Young and participants at the CMUR seminar on ‘Price-caps and tariff rebalancing in regulated industries: Experience from the UK and the US’, for their most helpful comments and suggestions. We have also benefited from valuable comments by two anonymous referees and the editors of this journal. We are grateful to Noriko Ito for providing the airport data. Financial support from the ESRC (grant No. R022250060) is gratefully acknowledged. All remaining errors are own responsibility.
PY - 2002
Y1 - 2002
N2 - In this paper, we investigate the dynamic evolution of tariffs in telecommunications, gas, airports, electricity and water in England and Wales. We carry out a statistical analysis of the tariffs charged by the companies, which have been subject to a price-cap since privatisation. The period covered, between 1976 and 1998, allows us to investigate systematic changes in the tariff structure before and after privatisation. In all the industries, with the exception of gas, we identify changes in the tariff structure immediately before privatisation. Some limited evidence of changes in electricity and gas tariffs before the introduction of competition is also found.
AB - In this paper, we investigate the dynamic evolution of tariffs in telecommunications, gas, airports, electricity and water in England and Wales. We carry out a statistical analysis of the tariffs charged by the companies, which have been subject to a price-cap since privatisation. The period covered, between 1976 and 1998, allows us to investigate systematic changes in the tariff structure before and after privatisation. In all the industries, with the exception of gas, we identify changes in the tariff structure immediately before privatisation. Some limited evidence of changes in electricity and gas tariffs before the introduction of competition is also found.
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U2 - 10.1016/S0954-349X(01)00031-5
DO - 10.1016/S0954-349X(01)00031-5
M3 - Article
AN - SCOPUS:0036186928
SN - 0954-349X
VL - 13
SP - 71
EP - 99
JO - Structural Change and Economic Dynamics
JF - Structural Change and Economic Dynamics
IS - 1
ER -