The Public Transit Systems In Italy: A Critical Analysis Of The Regulatory Framework
In this paper we attempt to shed some light on the way the regulation of public transit systems has been approached in the past and is presently addressed in Italy. The reduction of x-inefficiency represents a great challenge for the local authorities, given the high operating costs faced by the transportation companies and the moderate tariffs level that do not allow the operators to balance costs and revenues. Throughout the 1980’s and the first half of the 1990’s, the problem was essentially met by means of stopgap measures taken mainly for emergency, to curb the deficit build-up. In the past five years it has been turning the efforts towards a radical reorganization of the whole local public transportation (LPT) industry, with the law 549/95, completed with the Decreti Legge 422/97 and 400/99. The reform process includes among its goals the attribution of financial responsibility to the sector operators and the start of privatization of the public transit systems. The introduction of more competitive environment, mainly by the resort to tendering for the allotment of concessions, represents the challenge for the future. A complete evaluation of the achieved results is probably still premature. Nevertheless, as the first goal is concerned, the reform appears suitable to yield some positive result. On the contrary, the liberalization and privatization of the LPT sector is progressing very slowly, due to the protection still given to the public-owned companies. It is then expected that in the future a decisive action with regard to such important aspects of the regulatory reform will be undertaken.
|Length:||42 pages Keywords : public transit systems, regulation, x-efficiency, competitive tendering|
|Date of creation:||Dec 2000|
|Date of revision:|
|Contact details of provider:|| Postal: |
Web page: http://www.ceris.cnr.it/
More information through EDIRC
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.:
- Philippe Gagnepain, 1998.
"Structures productives de l'industrie du transport urbain et effets des schémas réglementaires,"
Économie et Prévision,
Programme National Persée, vol. 135(4), pages 95-107.
- Philippe Gagnepain, 1998. "Structures productives de l'industrie du transport urbain et effets des schémas réglementaires," Post-Print hal-00622819, HAL.
- Gagnepain, P. & Ivaldi, M., 1998.
"Stochastic Frontiers and Asymmetric Information Models,"
98.503, Toulouse - GREMAQ.
- Philippe Gagnepain & Marc Ivaldi, 2002. "Stochastic Frontiers and Asymmetric Information Models," Journal of Productivity Analysis, Springer, vol. 18(2), pages 145-159, September.
- Philippe Gagnepain & Marc Ivaldi, 2002. "Stochastic Frontiers and Asymmetric Information Models," Post-Print hal-00622849, HAL.
- 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.
- 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.
- Philippe Gagnepain & Marc Ivaldi, 2002. "Incentive Regulatory policies: The Case of Public Transit Systems in France," Post-Print hal-00622846, HAL.
- Gagnepain, P. & Ivaldi, M., 1999. "Incentive Regulatory Policies: the Case of Public Transit Systems in France," Papers 99.515, Toulouse - GREMAQ.
- John Vickers & George Yarrow, 1988. "Privatization: An Economic Analysis," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262720116, June.
- 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.
- Dag Morten Dalen & Andres Gomez Lobo, 1996. "Regulation and incentive contracts: An empirical investigation of the Norwegian bus transport industry," IFS Working Papers W96/08, Institute for Fiscal Studies.
- Loeb, Martin & Magat, Wesley A, 1979. "A Decentralized Method for Utility Regulation," Journal of Law and Economics, University of Chicago Press, vol. 22(2), pages 399-404, October.
- Jean-Jacques Laffont & Jean Tirole, 1993. "A Theory of Incentives in Procurement and Regulation," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262121743, June.
- Jean Tirole, 1988. "The Theory of Industrial Organization," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262200716, June.
When requesting a correction, please mention this item's handle: RePEc:csc:cerisp:200016. 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: (Enrico Viarisio)or (Anna Perin) or (Giancarlo Birello)
If references are entirely missing, you can add them using this form.