Carlo, Cambini; Massimo, Filippini; Massimiliano, Piacenza - In: Review of Law & Economics 7 (2011) 1, pp. 191-213
This study investigates the effects of the corporatization process – i.e., the transformation of a municipal firm into a limited liability company – on the production costs of local public services whose ownership is maintained by the local government. Theoretical analysis predicts that,...