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Municipal waste management as a local utility: Options for competition in an environmentally-regulated industry

机译：作为地方公用事业的城市废物管理：在受环境管制的行业中进行竞争的选择

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In this paper we apply the mainstream theory of regulatory economics to the industry of municipal waste management (MWM) and discuss its potential for further liberalization and competition. We argue that opportunities for developing market-based solutions are indeed present, at least in principle: most stages are suitable for private-sector involvement and satisfy the theoretical requirements for introducing competition in its various forms. On the other hand, this development is slowed down by a number of factors arising from environmental policy, some of which have been justified in the past by the need to boost the supply of disposal facilities and maintain public control over the system. Though not fully incompatible with more competition, many of these factors are still valid today. However, while some observers seem to believe that competitive tendering is the best option for increasing market potential, we believe this is not the case, especially as far as vertically-integrated MWM is concerned. Other strategies, including competition in the market and regulated monopoly, seem more promising.
机译：在本文中，我们将监管经济学的主流理论应用于市政废物管理（MWM）行业，并讨论其在进一步自由化和竞争中的潜力。我们认为，至少在原则上确实存在开发基于市场的解决方案的机会：大多数阶段都适合私营部门的参与，并满足以各种形式引入竞争的理论要求。另一方面，由于环境政策引起的许多因素使这种发展速度减慢了，其中一些过去已因需要增加处置设施的供应和维持公众对该系统的控制而被证明是合理的。尽管并非完全与更多的竞争不兼容，但许多因素今天仍然有效。但是，尽管一些观察者似乎认为竞争性招标是增加市场潜力的最佳选择，但我们认为并非如此，特别是就垂直整合的MWM而言。其他策略，包括市场竞争和规范的垄断，似乎更有希望。

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