The format of the assessment process on modules may change from semester to semester. This may not be the current format for your module. Always check with the relevant module leader what the precise, current format is before you begin to prepare for the assessment on any given module. This paper contains four questions. Please answer TWO questions, each in a separate booklet.
All questions carry equal marks.
Critically assess the differences between different methods of regulation of natural monopolies. Comment on the evidence relating to the effectiveness of deregulation in the 1980s and 1990s in a specific industry. Assess the empirical evidence on the relative performance of private and publicly-owned companies. Give at least two examples. With reference to empirical studies, discuss the explanation for variations in the performance of different industries.