Arguments for nationalization
- Natural monopoly
- Externalities
e.g. subsidizing public transport (London Underground) may be a second-best option to road pricing. - Equity or distributional consequences
e.g. protecting transport in rural areas
Co-ordinating a network
e.g. British Rail could have an overview of the whole rail system - Investment is needed for the long term
Revision Notes and Essays on Privatisation
- Privatisation
- Arguments for Privatisation
- Disadvantages of Privatisation
- Nationalisation
- Privatisation in the UK
- Rail Privatisation
- Regulation of Privatised Industries
- Other Supply Side Policies


