The European railway industry continues to undergo reform and liberalization due to European law incentives. Recent events in Italy give the country a special place in this process: a new competitor has commenced operations in the high-speed rail (HSR) market based on a private initiative. This...

The political unification of Italy in 1861 led to the establishment of a single market, by removing the trade barriers across the pre-existing states, with a single currency. Market integration was the economic outcome of this process. At the same time, the Kingdom of Italy started a large...