Yardstick competition in the English and
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John W. Sawkins
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Article
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1995
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Elsevier Science
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English
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Under the terms of the 1989 Water Act, the Office of Water Services (OFWAT) was established and given responsibility for the economic regulation of the English and Welsh water industry. One of the concepts underpinning the new regulatory regime was 'comparative' or 'yardstick' competition. This pape