Jean-Michel Glachant, Director of Florence School of Regulation, Holder of Loyola de Palacio Chair, European University Institute interviews Stephen Littlechild, a Fellow in Privatization, Regulation and Competition at the University of Cambridge Judge Business School, a former member of the Monopolies and Mergers Commission in the UK. Dr Littlechild explains the origin and motivation behind the financial incentive making possible the privatization of regulated industries, known as Retail Price Index or RPI-X pioneered in the UK.
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