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Ownership and performance of water utilities *.(comparison of US, UK and French public utilities)
- Article from:
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Greener Management International
- Article date:
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June 22, 2003
- Author:
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;
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Copyright informationCOPYRIGHT 2003 Greenleaf Publishing. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The purpose of this paper is to critically assess what is known regarding the relationship between the ownership and performance of municipal water utilities. Theoretical arguments that draw on property rights, public choice and principal agent models emphasise the difficulty that governments have in monitoring and providing proper incentives for utility managers. These models predict that privately owned water utilities will outperform public ones. However, these models are not without their limitations and critics. Accordingly, we turn to the empirical evidence from the United States, the United Kingdom and France. These studies reveal that there is no compelling evidence to ...
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