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N. Suleiman and J. Waterbury, The Political Economy of Public Sector Reform and Privatization, Boulder, CO: Westview Press, reprinted in D. ) (2001) Privatisation and Corporate Performance, Cheltenham: Edward Elgar. Sharkey, W. (1982), The Theory of Natural Monopoly, Cambridge: Cambridge University Press. Souter, D. (1994), ‘A stakeholder approach to regulation’, in D. Corry, D. Souter and M. Waterson, Regulating our Utilities, London: Institute for Public Policy Research. Stigler, G. (1971), ‘The theory of economic regulation’, Bell Journal of Economics and Management, 2, 3–21.

Lopez-de-Silanes, F. and Shleifer, A. (2002), ‘The regulation of entry’, Quarterly Journal of Economics, 117 (1), 1–37. Duckett, J. (2001), ‘Bureaucrats in business, Chinese style: the lessons of market reform and state entrepreneurialism in the People’s Republic of China’, World Development, 29 (1), 23–37. , Levenstein, M. and Suslow, V. (2001), ‘International cartel enforcement: lessons from the 1990s’, The World Economy, 24 (9), 1221–45. Grout, P. (1997), ‘The foundations of regulatory methodology: the cost of capital and asset values’, paper presented at the CRI Conference, The Financial Methodology of ‘Incentive’Regulation – Reconciling Accounting and Economics, London, 5 November.

Water was selected because it is a basic need in maintaining life and improving wellbeing in the short, medium and long term. For the poor, the objective is access to affordable and adequate supplies of water to meet a multitude of needs. In Chapter 17 Armando Barrientos argues that there is an emerging consensus among multilateral institutions around the need for developing countries to develop and strengthen social protection policies and programmes, as an urgent response to economic crisis and rising vulnerability.

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A Comparison Of Dividend Cash Flow And Earnings Approaches To Equity Valuation by Penmann, Sougiannis


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