Il fallimento del mercato e del non-mercato nei servizi pubblici locali: alcuni sviluppi dalle idee di Giancarlo Mazzocchi
AbstractThis article attempts to review some issues about market failures and non-market failures in the local public utilities. Considering the different regulatory regimes no one seems superior to the others. The limitation of the rate of return and price cap regulatory schemes are well known. Conditions under which franchising permits to reach first best solutions are very restrictive. Yardstick competition may obtain satisfactory results, if it is used with other regimes, and if the different situations in which enterprises work are taken into account.
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Bibliographic InfoArticle provided by Vita e Pensiero, Pubblicazioni dell'Universita' Cattolica del Sacro Cuore in its journal Rivista Internazionale di Scienze Sociali.
Volume (Year): 114 (2006)
Issue (Month): 1-2 ()
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market failures; non-market failures; local public utilities.;
Find related papers by JEL classification:
- L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Comparison of Public and Private Enterprise and Nonprofit Institutions; Privatization; Contracting Out
- L43 - Industrial Organization - - Antitrust Issues and Policies - - - Legal Monopolies and Regulation or Deregulation
- L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
- L97 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Utilities: General
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