Liberalization and regulatory reform of network industries: A comparative analysis of Italian public utilities
This study aims to contribute investigating the difficulties to reap the intended benefits from liberalization and regulatory reforms of network industries. This issue is tackled through the ‘theoretical lenses’ of new institutional economics, in particular by applying the Institutional Analysis and Development (IAD) framework. The study is a comparative analysis of liberalization and regulatory reforms of network industries within the same country context. In Italy, various reforms of network industries have been made and implemented during the 1990s and 2000s, especially in water, gas, electricity, telecommunications, railways, highways, local public transports, and urban solid waste. These reforms generally resulted in greater or lesser degrees of changes of regulatory institutions and industry structure, but in relatively modest competitive pressures on the whole. This analysis suggests that the difficulty to implement liberalization and regulatory reforms of network industries in Italy may be explained by various concurrent mechanisms, which have to do with the rent-seeking behavior of the actors of the industry’s community, the rise of barriers to entry against competitors, and the risk of collusive practices between regulators and regulated. This study suggests some tentative generalizations concerning the effectiveness of reforms intended to open up network industries to competitive pressures.
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Green, Richard, 1999. "Draining the Pool: the reform of electricity trading in England and Wales," Energy Policy, Elsevier, vol. 27(9), pages 515-525, September.
- J-M- Glachant, 2002. "Why regulate deregulated network industries?," Competition and Regulation in Network Industries, Intersentia, vol. 3(3), pages 297-312, September.
- Olivier Boylaud & Giuseppe Nicoletti, 2000.
"Regulation, Market Structure and Performance in Telecommunications,"
OECD Economics Department Working Papers
237, OECD Publishing.
- Olivier Boylaud & Giuseppe Nicoletti, 2001. "Regulation, market structure and performance in telecommunications," OECD Economic Studies, OECD Publishing, vol. 2001(1), pages 99-142.
- Rosellon, Juan & Halpern, Jonathan, 2001. "Regulatory reform in Mexico's natural gas industry : liberalization in the context of a dominant upstream incumbent," Policy Research Working Paper Series 2537, The World Bank.
- Doane, Michael J & Spulber, Daniel F, 1994. "Open Access and the Evolution of the U.S. Spot Market for Natural Gas," Journal of Law and Economics, University of Chicago Press, vol. 37(2), pages 477-517, October.
- Michele Polo & Carlo Scarpa, 2003. "The liberalization of energy markets in Europe and Italy," Working Papers 230, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
- Luigi Benfratello & Alberto Iozzi & Paola Valbonesi, 2009. "Technology and incentive regulation in the Italian motorways industry," Journal of Regulatory Economics, Springer, vol. 35(2), pages 201-221, April.
- Yvrande-Billon, Anne & Menard, Claude, 2005. "Institutional constraints and organizational changes: the case of the British rail reform," Journal of Economic Behavior & Organization, Elsevier, vol. 56(4), pages 675-699, April.
- Mathias, Melissa Cristina & Szklo, Alexandre, 2007. "Lessons learned from Brazilian natural gas industry reform," Energy Policy, Elsevier, vol. 35(12), pages 6478-6490, December.
- Cowan, Simon, 1997. "Competition in the Water Industry," Oxford Review of Economic Policy, Oxford University Press, vol. 13(1), pages 83-92, Spring.
- David Hawdon & Nicola Stevens, 2001. "Regulatory reform in the UK gas market: the case of the storage auction," Fiscal Studies, Institute for Fiscal Studies, vol. 22(2), pages 217-232., June.
- Massimiliano Piacenza & Giovanni Fraquelli & Graziano Abrate, 2001. "Il trasporto pubblico locale in Italia: variabili esplicative dei divari di costo tra le imprese," ECONOMIA E POLITICA INDUSTRIALE, FrancoAngeli Editore, vol. 2001(111).
- Philippe Gagnepain & Marc Ivaldi, 2002.
"Incentive Regulatory policies: The Case of Public Transit Systems in France,"
- Philippe Gagnepain & Marc Ivaldi, 2002. "Incentive Regulatory Policies: The Case of Public Transit Systems in France," RAND Journal of Economics, The RAND Corporation, vol. 33(4), pages 605-629, Winter.
- Gagnepain, Philippe & Ivaldi, Marc, 1999. "Incentive Regulatory Policies: The Case of Public Transit Systems in France," IDEI Working Papers 84, Institut d'Économie Industrielle (IDEI), Toulouse.
- Gagnepain, P. & Ivaldi, M., 1999. "Incentive Regulatory Policies: the Case of Public Transit Systems in France," Papers 99.515, Toulouse - GREMAQ.
- van de Velde, D. M., 1999. "Organisational forms and entrepreneurship in public transport: classifying organisational forms," Transport Policy, Elsevier, vol. 6(3), pages 147-157, July.
- Mark Armstrong & Simon Cowan & John Vickers, 1994. "Regulatory Reform: Economic Analysis and British Experience," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262510790, June.
- Arocena, Pablo & Kuhn, Kai-Uwe- & Regibeau, Pierre, 1999. "Regulatory reform in the Spanish electricity industry: a missed opportunity for competition," Energy Policy, Elsevier, vol. 27(7), pages 387-399, July.
- Wilder, Margaret & Romero Lankao, Patricia, 2006. "Paradoxes of Decentralization: Water Reform and Social Implications in Mexico," World Development, Elsevier, vol. 34(11), pages 1977-1995, November.
- Gutierrez, Luis H. & Berg, Sanford, 2000. "Telecommunications liberalization and regulatory governance: lessons from Latin America," Telecommunications Policy, Elsevier, vol. 24(10-11), pages 865-884, November.
- Levy, Brian & Spiller, Pablo T, 1994. "The Institutional Foundations of Regulatory Commitment: A Comparative Analysis of Telecommunications Regulation," Journal of Law, Economics and Organization, Oxford University Press, vol. 10(2), pages 201-46, October.
- Joskow, Paul L, 1996. "Introducing Competition into Regulated Network Industries: From Hierarchies to Markets in Electricity," Industrial and Corporate Change, Oxford University Press, vol. 5(2), pages 341-82.
- Melody, William H., 1999. "Telecom reform: progress and prospects," Telecommunications Policy, Elsevier, vol. 23(1), pages 7-34, February.
- Anne Yvrande-Billon, 2006. "The Attribution Process Of Delegation Contracts In The French Urban Public Transport Sector: Why Competitive Tendering Is A Myth," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 77(4), pages 453-478, December.
- Massarutto, Antonio, 2007. "Municipal waste management as a local utility: Options for competition in an environmentally-regulated industry," Utilities Policy, Elsevier, vol. 15(1), pages 9-19, March.
- Estache, Antonio & Romero, Manuel & Strong, John, 2000. "The long and winding path to private financing and regulation of toll roads," Policy Research Working Paper Series 2387, The World Bank.
- Filippini, Massimo & Maggi, Rico, 1993. "Efficiency and Regulation in the Case of the Swiss Private Railways," Journal of Regulatory Economics, Springer, vol. 5(2), pages 199-216, June.
When requesting a correction, please mention this item's handle: RePEc:eee:juipol:v:19:y:2011:i:3:p:172-184. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei)
If references are entirely missing, you can add them using this form.