There has been a significant increase in project financing in the public sector in Europe in the past decade, benefiting the implementation of infrastructure projects. In Italy, project financing is still much more limited than in such countries as Spain and the UK: the projects funded are...

Nous situons notre analyse dans le contexte de l'ouverture a la concurrence d'un bien reseau dans lequel l'operateur historique, integre verticalement, gere en monopole l'infrastructure et est concurrence sur les sectuers des services. La qualite du bien reseau est le minimum des qualite de...

Convergence is a multi-facetted phenomenon affecting the technological basis of information and communication industries, the boundaries of existing and new markets, and the organization of service providers. Convergence in substitutes will tend to increase the intensity of competition but...

The paper discusses markets and regulations in MENA air and maritime transport.

In some countries, like Sweden, regulatory reform of monopoly industries such as telecom and mail went ahead without much consideration to how competition would affect the universal provision of services. <p> This paper reviews issues that ought to be considered in the process of shaping a...</p>

The presence of a pervasive and evolving local regulation in the Italian public procurement offers a way to study the effects of a vast series of reforms involving firms qualifications, contracts awarding and subcontracting. This paper documents the legal aspects of these local regulations and,...

We study the effect of state ownership on the market-to-book ratios of publicly traded European utilities from 1994 to 2005. We find that when the company is subject to independent regulation, state ownership seems positively associated with firm value. This relation tends to appear in countries...

Total factor productivity is a method of measuring overall productivity of businesses, industries or economies. It is an approach which is recently becoming popular among government regulatory agencies when applying the so-called performance-based regulation. This principle induces regulated...

Twenty-five papers survey and illustrate approaches to and applications of contract economics. Earlier versions of most of the papers were published in special issue no. 92 of the Revue d'Economie Industrielle entitled "The Economics of Contracts in Prospect and Retrospect" (2000). Papers...

It is widely accepted that one of the most important characteristics of an effective pollution control policy is to provide firms with credible incentives to make long-run investments in R&D that can drastically reduce pollution. Recognizing that a government may be tempted to revise its policy...