Vagliasindi, Maria (contributor) - 2008
,
particularly in the natural monopoly segments. Because
the market structure and regulatory arrangements
in which state owned … this conjuncture, the main dilemma is that ‐‐ as experience has proven ‐‐ it is not only the
market that can fail. The existence of a number of governmental and regulatory failures, due to
informational asymmetries, high transaction costs and collusion and/or regulatory … a review of why the water sector is one of the most problematic to be privatized
in developing countries.
4
budget deficits, posing also a formidable challenge in term of fiscal policies …