Reckoning Without the Water Host. How Will Italians Pay for Water and Sanitation After the 2011 Referendum?
AbstractThe 2011 popular referendum has abolished the norm setting among the principles for setting water prices the «adequacy of capital remuneration»: in the promoters' own strategy, this aims at stopping any commercial approach to the supply of water and sanitation services and oblige to manage them as «common goods». This article, rooted in the contemporary theory of common properties, analyzes the potential usefulness of the «commons» idea in the economy of a service whose industrial complexity and financial needs call in any case for a role of capital markets. Alternative financial mechanisms are discussed, showing that they should be considered as complementary to water tariffs rather than alternatives.
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Bibliographic InfoArticle provided by Società editrice il Mulino in its journal Economia dei Servizi.
Volume (Year): (2011)
Issue (Month): 2 ()
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water service liberalization; new public management; common pool resources; H27; H54; L33.;
Find related papers by JEL classification:
- H27 - Public Economics - - Taxation, Subsidies, and Revenue - - - Other Sources of Revenue
- H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
- L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Comparison of Public and Private Enterprise and Nonprofit Institutions; Privatization; Contracting Out
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