This chapter provides stylized facts about privatization in network industries, with a special focus on electricity. It shows that regulation is the key for successful sales in monopolistic industries. First, it allows the accomplishment of large scale programs. Second, and more importantly, it determines the success of privatization in terms of proceeds. Establishing a credible regulatory framework allows governments to reduce uncertainty, and to raise more proceeds. Under specific circumstances, the chapter shows that revenue-efficienct trade-offs may disappear.
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