The purpose of the paper is to analyse some results of cost-benefit analysis in a sample of ISPA (Structural Instrument for pre-accession countries) projects. The focus is particularly on the variability of financial and economic rates of return and how to integrate this information in the EU...

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...

The paper considers price trends as signals for the evaluation of reforms leading to ownership or market structure changes in public services. In order to do so, we focus on a specific example: electricity prices in four countries, namely UK, France, Germany and Italy.We consider that these...

Europe needs a huge investment effort for (broadly defined) infrastructure in the next decade. A combination of EU grants, loans by the EIB and the EBRD, and their leverage effect on private capital is going to mobilise a huge amount of savings. Planners should establish priorities and criteria....

This paper offers a review and discussion of the evidence concerning the underpricing and long run performance of British PIPOs (Privatisation Initial Public Offerings) between 1977-1996, i.e. from the first privatisation under a Labour Government (British Petroleum), until the last ones by a...

This paper analyses the household appliances district of Jesi-Fabriano. It shows how the internationalisation strategies of many enterprises are gradually modifying the organizational structure of the local production system. The diverse goals that have led the internationalisation processes and...

This papers discusses the privatization of Telecom Italia over ten years, from divestiture to three subsequent changes of ownership control. Why has the governance of one of the most promising of the former nationalized industries been so unstable? The turn of events suggests that the evolution...

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...