In 1994 a reform of water services was approved in Italy introducing extensive innovations which heavely impacted the structure of the sector, both on the demand and on the supply side. One of the basic principles of the reform was vertical subsidiarity: an important role was assigned to local...

<i> Analisi di diverse procedure di affidamento della gestione dei servizi pubblici locali </i> (di Lorenzo Bardelli e Nicola Doni) - ABSTRACT: This paper is about franchise contracts, and considers simultaneously both the economic literature on Demsetz competition and on transaction cost economics,...