Edited by Paul Cook, Director, Centre on Regulation and Competition (CRC), University of Manchester, UK and Colin Kirkpatrick, former Hallsworth Professor of Development Economics, Institute for Development Policy and Management (IDPM) and Co-Director, Regulation Research Programme, Centre on Regulation and Competition (CRC), University of Manchester, UK

’These volumes not only serve as essential reference works for students but also contain thought-provoking articles on the chosen themes.’

• Contents:Volume I:Acknowledgements • Introduction PART IPRIVATISATION AND PUBLIC ENTERPRISE IN DEVELOPING COUNTRIES 1.Nicholas Kaldor (1980), ‘Public or Private Enterprise – the Issues to be Considered’2.Leroy P. Jones and Edward S. Mason (1982), ‘Role of Economic Factors in Determining the Size and Structure of the Public-Enterprise Sector in Less-Developed Countries with Mixed Economies’3.World Bank (1983), ‘Managing State-Owned Enterprises’4.Mahmood A. Ayub and Sven O. Hegstad (1987), ‘Management of Public Industrial Enterprises’5.John F. Coburn and Lawrence H. Wortzel (1986), ‘The Problem of Public Enterprise in Developing Countries: Is Privatization the Solution?’6.Paul Cook and Colin Kirkpatrick (1988), ‘Privatisation in Less Developed Countries: An Overview’7.Nicolas Van De Walle (1989), ‘Privatization in Developing Countries: A Review of the Issues’8.William Glade (1989), ‘Privatization in Rent-Seeking Societies’9.Heidi Vernon-Wortzel and Lawrence H. Wortzel (1989), ‘Privatization: Not the Only Answer’10.David Heald (1990), ‘The Relevance of Privatization to Developing Economies’11.Jose Edgardo Campos and Hadi Salehi Esfahani (1996), ‘Why and When Do Governments Initiate Public Enterprise Reform?’PART IITHEORETICAL PERSPECTIVES ON PRIVATISATION 12.Yair Aharoni (1982), ‘State-Owned Enterprise: An Agent Without a Principal’13.John Vickers and George Yarrow (1988), ‘Ownership and Incentives’14.John Vickers and George Yarrow (1988), ‘Competitive Forces’15.Carl Shapiro and Robert D. Willig (1990), ‘Economic Rationales for the Scope of Privatization’16.Dieter Bös and Wolfgang Peters (1991), ‘A Principal-Agent Approach on Manager Effort and Control in Privatized and Public Firms’17.Maxim Boycko, Andrei Shleifer and Robert W. Vishny (1996), ‘A Theory of Privatisation’18.Stephen Martin and David Parker (1997), ‘Privatisation: The Conceptual Framework’19.George Yarrow (1999), ‘A Theory of Privatization, or Why Bureaucrats are Still in Business’PART IIIREGULATION THEORY AND POLICY 20.David E.M. Sappington and Joseph E. Stiglitz (1987), ‘Information and Regulation’21.Robert D. Willig (1993), ‘Public versus Regulated Private Enterprise’22.Leroy P. Jones (1993), ‘Appropriate Regulatory Technology: The Interplay of Economic and Institutional Conditions’PART IVCOMPARATIVE PERFORMANCE BETWEEN PUBLIC AND PRIVATE ENTERPRISES23.Robert Millward and David M. Parker (1983), ‘Public and Private Enterprise: Comparative Behaviour and Relative Efficiency’24.Yair Aharoni (1986), ‘Measuring the Performance of State-Owned Enterprises’25.Peter Nunnenkamp (1986), ‘State Enterprises in Developing Countries’26.Robert Millward (1988), ‘Measured Sources of Inefficiency in the Performance of Private and Public Enterprises in LDCs’Name IndexVolume II:Acknowledgements • An introduction by the editors to both volumes appears in volume IPART IPOLITICS AND ECONOMICS OF PRIVATISATION1.Henry Bienen and John Waterbury (1989), ‘The Political Economy of Privatization in Developing Countries’2.Paul Cook and Martin Minogue (1990), ‘Waiting for Privatization in Developing Countries: Towards the Integration of Economic and Non-Economic Explanations’3.Mary M. Shirley (1997), ‘The Economics and Politics of Government Ownership’4.Paul Cook (1997), ‘Privatization, Public Enterprise Reform and the World Bank: Has “Bureaucrats in Business” Got It Right?’PART IIEXPERIENCE WITH REGULATION5.Brian Levy and Pablo T. Spiller (1993), ‘Regulation, Institutions, and Committment in Telecommunications: A Comparative Analysis of Five Country Studies’6.Björn Wellenius and Peter A. Stern (1994), ‘Implementing Reforms in the Telecommunications Sector: Background, Overview, and Lessons’PART IIIRESULTS OF PRIVATISATION7.Richard Hemming and Ali M. Mansoor (1988), ‘Privatization and Public Enterprises’8.Ali Mansoor (1988), ‘The Fiscal Impact of Privatisation’9.Ahmed Galal, Leroy Jones, Pankaj Tandon and Ingo Vogelsang (1994), ‘Divestiture: Questions and Answers’10.Christopher Adam (1994), ‘Privatization and Structural Adjustment in Africa’11.Frank Sader (1995), ‘Privatizing Public Enterprises and Foreign Investment in Developing Countries, 1988–93’12.Paul Cook and Colin Kirkpatrick (1995), ‘Privatisation Policy and Performance’13.Armando Castelar Pinheiro and Ben Ross Schneider (1995), ‘The Fiscal Impact of Privatisation in Latin America’14.V. Bhaskar and Mushtaq Khan (1995), ‘Privatization and Employment: A Study of the Jute Industry in Bangladesh’15.Patrick Plane (1997), ‘Privatization and Economic Growth: An Empirical Investigation from a Sample of Developing Market Economies’16.Paul Cook and Colin Kirkpatrick (1998), ‘Privatization, Employment and Social Protection in Developing Countries’17.Sunita Kikeri (1998), ‘Privatization and Labor: What Happens to Workers When Governments Divest?’18.Narjess Boubakri and Jean-Claude Cosset (1998), ‘The Financial and Operating Performance of Newly Privatized Firms: Evidence from Developing Countries’19.William L. Megginson, Robert C. Nash and Matthias Van Randenborgh (1994), ‘The Financial and Operating Performance of Newly Privatized Firms: An International Empirical Analysis’PART IVLESSONS OF EXPERIENCE20.Colin Kirkpatrick (1988), ‘The UK Privatisation Model: Is it Transferable to Developing Countries?’21.Sunita Kikeri, John Nellis and Mary Shirley (1994), ‘Privatization: Lessons from Market Economies’22.Paul Bennell (1997), ‘Privatization in Sub-Saharan Africa: Progress and Prospects During the 1990s’23.C.C. White and A. Bhatia (1998), ‘Assessing Privatization Programs in Africa’Name Index

Edited by Paul Cook, Director, Centre on Regulation and Competition (CRC), University of Manchester, UK and Colin Kirkpatrick, former Hallsworth Professor of Development Economics, Institute for Development Policy and Management (IDPM) and Co-Director, Regulation Research Programme, Centre on Regulation and Competition (CRC), University of Manchester, UK

’These volumes not only serve as essential reference works for students but also contain thought-provoking articles on the chosen themes.’

• Contents:Volume I:Acknowledgements • Introduction PART IPRIVATISATION AND PUBLIC ENTERPRISE IN DEVELOPING COUNTRIES 1.Nicholas Kaldor (1980), ‘Public or Private Enterprise – the Issues to be Considered’2.Leroy P. Jones and Edward S. Mason (1982), ‘Role of Economic Factors in Determining the Size and Structure of the Public-Enterprise Sector in Less-Developed Countries with Mixed Economies’3.World Bank (1983), ‘Managing State-Owned Enterprises’4.Mahmood A. Ayub and Sven O. Hegstad (1987), ‘Management of Public Industrial Enterprises’5.John F. Coburn and Lawrence H. Wortzel (1986), ‘The Problem of Public Enterprise in Developing Countries: Is Privatization the Solution?’6.Paul Cook and Colin Kirkpatrick (1988), ‘Privatisation in Less Developed Countries: An Overview’7.Nicolas Van De Walle (1989), ‘Privatization in Developing Countries: A Review of the Issues’8.William Glade (1989), ‘Privatization in Rent-Seeking Societies’9.Heidi Vernon-Wortzel and Lawrence H. Wortzel (1989), ‘Privatization: Not the Only Answer’10.David Heald (1990), ‘The Relevance of Privatization to Developing Economies’11.Jose Edgardo Campos and Hadi Salehi Esfahani (1996), ‘Why and When Do Governments Initiate Public Enterprise Reform?’PART IITHEORETICAL PERSPECTIVES ON PRIVATISATION 12.Yair Aharoni (1982), ‘State-Owned Enterprise: An Agent Without a Principal’13.John Vickers and George Yarrow (1988), ‘Ownership and Incentives’14.John Vickers and George Yarrow (1988), ‘Competitive Forces’15.Carl Shapiro and Robert D. Willig (1990), ‘Economic Rationales for the Scope of Privatization’16.Dieter Bös and Wolfgang Peters (1991), ‘A Principal-Agent Approach on Manager Effort and Control in Privatized and Public Firms’17.Maxim Boycko, Andrei Shleifer and Robert W. Vishny (1996), ‘A Theory of Privatisation’18.Stephen Martin and David Parker (1997), ‘Privatisation: The Conceptual Framework’19.George Yarrow (1999), ‘A Theory of Privatization, or Why Bureaucrats are Still in Business’PART IIIREGULATION THEORY AND POLICY 20.David E.M. Sappington and Joseph E. Stiglitz (1987), ‘Information and Regulation’21.Robert D. Willig (1993), ‘Public versus Regulated Private Enterprise’22.Leroy P. Jones (1993), ‘Appropriate Regulatory Technology: The Interplay of Economic and Institutional Conditions’PART IVCOMPARATIVE PERFORMANCE BETWEEN PUBLIC AND PRIVATE ENTERPRISES23.Robert Millward and David M. Parker (1983), ‘Public and Private Enterprise: Comparative Behaviour and Relative Efficiency’24.Yair Aharoni (1986), ‘Measuring the Performance of State-Owned Enterprises’25.Peter Nunnenkamp (1986), ‘State Enterprises in Developing Countries’26.Robert Millward (1988), ‘Measured Sources of Inefficiency in the Performance of Private and Public Enterprises in LDCs’Name IndexVolume II:Acknowledgements • An introduction by the editors to both volumes appears in volume IPART IPOLITICS AND ECONOMICS OF PRIVATISATION1.Henry Bienen and John Waterbury (1989), ‘The Political Economy of Privatization in Developing Countries’2.Paul Cook and Martin Minogue (1990), ‘Waiting for Privatization in Developing Countries: Towards the Integration of Economic and Non-Economic Explanations’3.Mary M. Shirley (1997), ‘The Economics and Politics of Government Ownership’4.Paul Cook (1997), ‘Privatization, Public Enterprise Reform and the World Bank: Has “Bureaucrats in Business” Got It Right?’PART IIEXPERIENCE WITH REGULATION5.Brian Levy and Pablo T. Spiller (1993), ‘Regulation, Institutions, and Committment in Telecommunications: A Comparative Analysis of Five Country Studies’6.Björn Wellenius and Peter A. Stern (1994), ‘Implementing Reforms in the Telecommunications Sector: Background, Overview, and Lessons’PART IIIRESULTS OF PRIVATISATION7.Richard Hemming and Ali M. Mansoor (1988), ‘Privatization and Public Enterprises’8.Ali Mansoor (1988), ‘The Fiscal Impact of Privatisation’9.Ahmed Galal, Leroy Jones, Pankaj Tandon and Ingo Vogelsang (1994), ‘Divestiture: Questions and Answers’10.Christopher Adam (1994), ‘Privatization and Structural Adjustment in Africa’11.Frank Sader (1995), ‘Privatizing Public Enterprises and Foreign Investment in Developing Countries, 1988–93’12.Paul Cook and Colin Kirkpatrick (1995), ‘Privatisation Policy and Performance’13.Armando Castelar Pinheiro and Ben Ross Schneider (1995), ‘The Fiscal Impact of Privatisation in Latin America’14.V. Bhaskar and Mushtaq Khan (1995), ‘Privatization and Employment: A Study of the Jute Industry in Bangladesh’15.Patrick Plane (1997), ‘Privatization and Economic Growth: An Empirical Investigation from a Sample of Developing Market Economies’16.Paul Cook and Colin Kirkpatrick (1998), ‘Privatization, Employment and Social Protection in Developing Countries’17.Sunita Kikeri (1998), ‘Privatization and Labor: What Happens to Workers When Governments Divest?’18.Narjess Boubakri and Jean-Claude Cosset (1998), ‘The Financial and Operating Performance of Newly Privatized Firms: Evidence from Developing Countries’19.William L. Megginson, Robert C. Nash and Matthias Van Randenborgh (1994), ‘The Financial and Operating Performance of Newly Privatized Firms: An International Empirical Analysis’PART IVLESSONS OF EXPERIENCE20.Colin Kirkpatrick (1988), ‘The UK Privatisation Model: Is it Transferable to Developing Countries?’21.Sunita Kikeri, John Nellis and Mary Shirley (1994), ‘Privatization: Lessons from Market Economies’22.Paul Bennell (1997), ‘Privatization in Sub-Saharan Africa: Progress and Prospects During the 1990s’23.C.C. White and A. Bhatia (1998), ‘Assessing Privatization Programs in Africa’Name Index

Edited by Paul Cook, Director, Centre on Regulation and Competition (CRC), University of Manchester, UK and Colin Kirkpatrick, former Hallsworth Professor of Development Economics, Institute for Development Policy and Management (IDPM) and Co-Director, Regulation Research Programme, Centre on Regulation and Competition (CRC), University of Manchester, UK

’These volumes not only serve as essential reference works for students but also contain thought-provoking articles on the chosen themes.’

• Contents:Volume I:Acknowledgements • Introduction PART IPRIVATISATION AND PUBLIC ENTERPRISE IN DEVELOPING COUNTRIES 1.Nicholas Kaldor (1980), ‘Public or Private Enterprise – the Issues to be Considered’2.Leroy P. Jones and Edward S. Mason (1982), ‘Role of Economic Factors in Determining the Size and Structure of the Public-Enterprise Sector in Less-Developed Countries with Mixed Economies’3.World Bank (1983), ‘Managing State-Owned Enterprises’4.Mahmood A. Ayub and Sven O. Hegstad (1987), ‘Management of Public Industrial Enterprises’5.John F. Coburn and Lawrence H. Wortzel (1986), ‘The Problem of Public Enterprise in Developing Countries: Is Privatization the Solution?’6.Paul Cook and Colin Kirkpatrick (1988), ‘Privatisation in Less Developed Countries: An Overview’7.Nicolas Van De Walle (1989), ‘Privatization in Developing Countries: A Review of the Issues’8.William Glade (1989), ‘Privatization in Rent-Seeking Societies’9.Heidi Vernon-Wortzel and Lawrence H. Wortzel (1989), ‘Privatization: Not the Only Answer’10.David Heald (1990), ‘The Relevance of Privatization to Developing Economies’11.Jose Edgardo Campos and Hadi Salehi Esfahani (1996), ‘Why and When Do Governments Initiate Public Enterprise Reform?’PART IITHEORETICAL PERSPECTIVES ON PRIVATISATION 12.Yair Aharoni (1982), ‘State-Owned Enterprise: An Agent Without a Principal’13.John Vickers and George Yarrow (1988), ‘Ownership and Incentives’14.John Vickers and George Yarrow (1988), ‘Competitive Forces’15.Carl Shapiro and Robert D. Willig (1990), ‘Economic Rationales for the Scope of Privatization’16.Dieter Bös and Wolfgang Peters (1991), ‘A Principal-Agent Approach on Manager Effort and Control in Privatized and Public Firms’17.Maxim Boycko, Andrei Shleifer and Robert W. Vishny (1996), ‘A Theory of Privatisation’18.Stephen Martin and David Parker (1997), ‘Privatisation: The Conceptual Framework’19.George Yarrow (1999), ‘A Theory of Privatization, or Why Bureaucrats are Still in Business’PART IIIREGULATION THEORY AND POLICY 20.David E.M. Sappington and Joseph E. Stiglitz (1987), ‘Information and Regulation’21.Robert D. Willig (1993), ‘Public versus Regulated Private Enterprise’22.Leroy P. Jones (1993), ‘Appropriate Regulatory Technology: The Interplay of Economic and Institutional Conditions’PART IVCOMPARATIVE PERFORMANCE BETWEEN PUBLIC AND PRIVATE ENTERPRISES23.Robert Millward and David M. Parker (1983), ‘Public and Private Enterprise: Comparative Behaviour and Relative Efficiency’24.Yair Aharoni (1986), ‘Measuring the Performance of State-Owned Enterprises’25.Peter Nunnenkamp (1986), ‘State Enterprises in Developing Countries’26.Robert Millward (1988), ‘Measured Sources of Inefficiency in the Performance of Private and Public Enterprises in LDCs’Name IndexVolume II:Acknowledgements • An introduction by the editors to both volumes appears in volume IPART IPOLITICS AND ECONOMICS OF PRIVATISATION1.Henry Bienen and John Waterbury (1989), ‘The Political Economy of Privatization in Developing Countries’2.Paul Cook and Martin Minogue (1990), ‘Waiting for Privatization in Developing Countries: Towards the Integration of Economic and Non-Economic Explanations’3.Mary M. Shirley (1997), ‘The Economics and Politics of Government Ownership’4.Paul Cook (1997), ‘Privatization, Public Enterprise Reform and the World Bank: Has “Bureaucrats in Business” Got It Right?’PART IIEXPERIENCE WITH REGULATION5.Brian Levy and Pablo T. Spiller (1993), ‘Regulation, Institutions, and Committment in Telecommunications: A Comparative Analysis of Five Country Studies’6.Björn Wellenius and Peter A. Stern (1994), ‘Implementing Reforms in the Telecommunications Sector: Background, Overview, and Lessons’PART IIIRESULTS OF PRIVATISATION7.Richard Hemming and Ali M. Mansoor (1988), ‘Privatization and Public Enterprises’8.Ali Mansoor (1988), ‘The Fiscal Impact of Privatisation’9.Ahmed Galal, Leroy Jones, Pankaj Tandon and Ingo Vogelsang (1994), ‘Divestiture: Questions and Answers’10.Christopher Adam (1994), ‘Privatization and Structural Adjustment in Africa’11.Frank Sader (1995), ‘Privatizing Public Enterprises and Foreign Investment in Developing Countries, 1988–93’12.Paul Cook and Colin Kirkpatrick (1995), ‘Privatisation Policy and Performance’13.Armando Castelar Pinheiro and Ben Ross Schneider (1995), ‘The Fiscal Impact of Privatisation in Latin America’14.V. Bhaskar and Mushtaq Khan (1995), ‘Privatization and Employment: A Study of the Jute Industry in Bangladesh’15.Patrick Plane (1997), ‘Privatization and Economic Growth: An Empirical Investigation from a Sample of Developing Market Economies’16.Paul Cook and Colin Kirkpatrick (1998), ‘Privatization, Employment and Social Protection in Developing Countries’17.Sunita Kikeri (1998), ‘Privatization and Labor: What Happens to Workers When Governments Divest?’18.Narjess Boubakri and Jean-Claude Cosset (1998), ‘The Financial and Operating Performance of Newly Privatized Firms: Evidence from Developing Countries’19.William L. Megginson, Robert C. Nash and Matthias Van Randenborgh (1994), ‘The Financial and Operating Performance of Newly Privatized Firms: An International Empirical Analysis’PART IVLESSONS OF EXPERIENCE20.Colin Kirkpatrick (1988), ‘The UK Privatisation Model: Is it Transferable to Developing Countries?’21.Sunita Kikeri, John Nellis and Mary Shirley (1994), ‘Privatization: Lessons from Market Economies’22.Paul Bennell (1997), ‘Privatization in Sub-Saharan Africa: Progress and Prospects During the 1990s’23.C.C. White and A. Bhatia (1998), ‘Assessing Privatization Programs in Africa’Name Index