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Erschienen in:
2011 | OriginalPaper | Buchkapitel
The Regulatory Politics of Private Pensions in the UK and Germany
verfasst von : Deborah Mabbett
Erschienen in: The New Regulatory State
Verlag: Palgrave Macmillan UK
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It is now well-established that privatization brings with it re-regulation, not de-regulation. However, this does not mean that we should expect that the policies once pursued under public ownership will be reintroduced by regulatory means. On the contrary, privatization can be understood as a way of institutionalizing changes in policy. This is particularly evident when privatization is accompanied by the delegation of powers to an independent regulatory authority, as has often happened when public utilities are privatized. Delegation can be a method for institutionalizing the pursuit of distinct regulatory goals, generally weighted towards enhancing efficiency and promoting competition.