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Regolazione incentivante per i servizi di trasporto locale

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  • Boitani Andrea
  • Cambini Carlo

Abstract

The recent reform of local public transport in Italy establishes that public subsidies should be capped in order to increase X-efficiency of an industry characterised, in the last two decades, by soft budget constraints and declining effectiveness (i.e. the share of people using private cars has increased dramatically). This new regulatory instrument, that can be called "subsidy cap", is analogous in its formulation to the best known price cap mechanism. The allocation and production efficiency properties of the subsidy cap have not been studied in the economic literature. The present paper aims at filling this gap, and at suggesting a subsidy cap mechanism based on the "menu of contracts" principle of Bayesian incentive regulation theory. The proposed mechanism, although non Bayesian, shares some desiderable properties with more information demanding optimal Bayesian mechanisms.

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Bibliographic Info

Article provided by Società editrice il Mulino in its journal Politica economica.

Volume (Year): (2002)
Issue (Month): 2 ()
Pages: 193-226

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Handle: RePEc:mul:je8794:doi:10.1429/1599:y:2002:i:2:p:193-226

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Cited by:
  1. Luca Colombo & Herbert Dawid & Kordian Kabus, 2012. "When do thick venture capital markets foster innovation? An evolutionary analysis," Journal of Evolutionary Economics, Springer, vol. 22(1), pages 79-108, January.
  2. Giuseppe Coco & Claudio De Vincenti, 2002. "Can regulation increase firm's efficiency?," Working Papers 60, University of Rome La Sapienza, Department of Public Economics.
  3. Stefano Colombo, 2008. "Discriminatory prices, endogenous locations and the Prisoner Dilemma problem," DISCE - Quaderni dell'Istituto di Economia e Finanza ief0079, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
  4. Giuseppe Mastromatteo, 2011. "H.P. Minsky And Policies To Countervail Crises," DISCE - Quaderni dell'Istituto di Economia e Finanza ief0102, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
  5. Sandro Brusco & Luca Colombo & Umberto Galmarini, 2010. "Local Governments Tax Autonomy, Lobbying, and Welfare," Department of Economics Working Papers 10-01, Stony Brook University, Department of Economics.
  6. Baglioni, Angelo & Monticini, Andrea, 2010. "The intraday interest rate under a liquidity crisis: The case of August 2007," Economics Letters, Elsevier, vol. 107(2), pages 198-200, May.
  7. Giuseppe Mastromatteo, 2011. "The Debate on the Crisis: Recent Reappraisals of the Concept of Functional Finance," DISCE - Quaderni dell'Istituto di Economia e Finanza ief0105, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
  8. Coco, Giuseppe & De Vincenti, Claudio, 2004. "Can price regulation increase cost-efficiency?," Research in Economics, Elsevier, vol. 58(4), pages 303-317, December.
  9. Massimiliano Piacenza, 2002. "Regulatory Constraints and Cost Efficiency of the Italian Public Transit Systems: An Exploratory Stochastic Frontier Model," CERIS Working Paper 200202, Institute for Economic Research on Firms and Growth - Moncalieri (TO).
  10. Angelo Baglioni, 2006. "Entry into a network industry: consumers’ expectations and firms’ pricing policies," DISCE - Quaderni dell'Istituto di Economia e Finanza ief69, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
  11. Maria Flavia Ambrosanio & Massimo Bordignon & Floriana Cerniglia, 2008. "Constitutional reforms, fiscal decentralization and regional fiscal flows in Italy," DISCE - Quaderni dell'Istituto di Economia e Finanza ief0084, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).

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