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Regulatory agencies : impact on firm performance and social welfare

Estache, Antonio; Rossi, Martin A. - Economics Research, World Bank Group - 2008

The authors explore the relation between the establishment of a regulatory agency and the performance of the electricity sector. The authors exploit a unique dataset comprising firm-level information on a representative sample of 220 electric utilities from 51 development and transition...

Persistent link: https://www.econbiz.de/10005116700

Telecom prices, regulatory reforms, and consumers’ satisfaction: evidence for 15 EU countries

BACCHIOCCHI, Emanuele; FLORIO, Massimo; GAMBARO, Marco - Dipartimento di Economia, Management e Metodi … - 2008

We study the impact on consumers of privatization and liberalization in the telecommunication sector for 15 EU … Countries. Policy reforms are summarized by the OECD regulatory indicators (REGREF), that considers the extent of privatization … privatization per se. The latter and liberalization of the telecommunication market play a role in explaining the consumers …

Persistent link: https://www.econbiz.de/10005007161

Privatization, unbundling, and liberalization of network industries:a discussion of the dominant policy paradigm in the EU

CERIANI, Lidia; DORONZO, Raffaele; FLORIO, Massimo - Dipartimento di Economia, Management e Metodi … - 2009

In this paper we examine the emergence over the last two decades in the EU of a dominant policy paradigm on the reform of network industries. We consider the broad recommendations by the OECD and the European Commission, and the Directives adopted by the European Union on the reform of some...

Persistent link: https://www.econbiz.de/10005007186

Il declino dell’impresa pubblica: cause, effetti, prospettive

FLORIO, Massimo - Dipartimento di Economia, Management e Metodi … - 2007

, large scale privatization changes the political-economic equilibria in a dangerous way, because it splits society between …

Persistent link: https://www.econbiz.de/10005007187

Privatization discontent and its determinants: evidence from Latin America

CHECCHI, Daniele; FLORIO, Massimo; CARRERA, Jorge - Dipartimento di Economia, Management e Metodi … - 2004

While most economists usually believe that privatization policy is socially beneficial, it faces increasing opposition … in several countries. In this paper we wish to discover the ingredients in a recipe for privatization discontent. To do … so we focus on Latin America, where there is wide evidence of popular opposition to privatization. We use the results of …

Persistent link: https://www.econbiz.de/10005007238

A note on privatizations and public sector net worth: what (not) to learn from the UK experience

FLORIO, Massimo - Dipartimento di Economia, Management e Metodi … - 2007

present some data for the UK experience of privatization. In the third section we develop a simple conceptual model that shows …

Persistent link: https://www.econbiz.de/10005007241

Beni di cittadinanza e beni privati: una riflessione sui servizi pubblici ed il progetto europeo

FLORIO, Massimo - Dipartimento di Economia, Management e Metodi … - 2007

In this paper I propose a definition of 'Citizenship goods'. Standard microeconomics distinguishes between purely private, purely public and mixed goods, based on the degree of non-rivalry and excludability. This is however a definition based on technical features of the goods that fails to...

Persistent link: https://www.econbiz.de/10005007309

Telecom Italia 1997-2007: a case study in privatization failures

FLORIO, Massimo - Dipartimento di Economia, Management e Metodi … - 2007

This papers discusses the privatization of Telecom Italia over ten years, from divestiture to three subsequent changes … characteristics of a search for equilibrium in a complex game, centred around the control of rents. In crucial moments (privatization …

Persistent link: https://www.econbiz.de/10005007353

Una teoria positiva delle privatizzazioni per i paesi in via di sviluppo: note a margine delle ultime lezioni di Jean Jacques Laffont

FLORIO, Massimo - Dipartimento di Economia, Management e Metodi … - 2005

Secondo Laffont (2005), in presenza di agenda privata dei politici, ed in particolare di corruzione, con regolatori a loro volta corrompibili e ispezioni costose, i governi dei PVS hanno una funzione non lineare di reazione verso la privatizzazione, a forma di U rovesciata, dipendente dal grado...

Persistent link: https://www.econbiz.de/10005007354

A primer on the welfare effects of regulatory reforms in network industries

CERIANI, Lidia; FLORIO, Massimo - Dipartimento di Economia, Management e Metodi … - 2008

Starting from an industry where production is provided by a public monopolist, we look at the effects on the consumers' surplus of a sequence of reforms in network industry. Using a simple comparative statics framework, we find indifference conditions in consumers' surplus between respectively...

Persistent link: https://www.econbiz.de/10005007412