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- W1607422981 abstract "Regulatory reforms are often made and implemented with the aim to introduce some competitive mechanisms in infrastructure industries which were previously regulated through public ownership. The impact of these reforms on the organisation and behaviour of infrastructure industries, however, may result in partial restructuring of the regulated sector only and may not deliver the expected performance improvements. This paper aims to address this issue by analysing and discussing the regulatory reforms and the industrial restructuring which took place in the water, the gas, and the electricity sectors in Italy in the last about 15 years. Each of these three infrastructure industries was subject to regulatory reforms (Act 36/1994, Legislative Decree 164/2000, and Legislative Decree 79/1999 respectively). This paper contrasts and compares these reforms in terms of: economic regulatory institutions, tariff setting mechanisms, spacial organisation of the services, degree of involvement of the private sector, and industrial restructuring. The impact of these reforms is assessed along the dimensions of: degree of openness to new entrants, market power retained by the incumbents, concentration of the industry, prices, and investments. On the whole, although the reforms of the water, gas, and electricity industries in Italy present unique features and effects, they all resulted in relatively modest achievements in terms of competitive pressures. This has consequences in terms of relative stability of prices and reliance on public funds for financing infrastructure development." @default.
- W1607422981 created "2016-06-24" @default.
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- W1607422981 date "2009-01-01" @default.
- W1607422981 modified "2023-10-04" @default.
- W1607422981 title "Regulatory Reform and Industrial Restructuring: The Cases of Water, Gas, and Electricity in Italy" @default.
- W1607422981 doi "https://doi.org/10.2139/ssrn.2235575" @default.
- W1607422981 hasPublicationYear "2009" @default.
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