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Persistent link: https://www.econbiz.de/10002503458
We analyze the optimal investment strategy of a monopolist which has subscribed a concession contract to provide a public utility, i.e. water service. We present a strategic model in which a monopolist chooses both the timing of the investment and the capacity. We focus not only on the value of...
Persistent link: https://www.econbiz.de/10011325014
We analyze the optimal investment strategy of a monopolist which has subscribed a concession contract to provide a public utility, i.e. water service. We present a strategic model in which a monopolist chooses both the timing of the investment and the capacity. We focus not only on the value of...
Persistent link: https://www.econbiz.de/10014068674
We analyze the optimal investment strategy of a monopolist which has subscribed a concession contract to provide a public utility, i.e. water service. We present a strategic model in which a monopolist chooses both the timing of the investment and the capacity. We focus not only on the value of...
Persistent link: https://www.econbiz.de/10005570375
When assigning a concession contract, the regulator faces the issue of setting the concession length. Another key issue is whether or not the concessionare should be allowed to set the timing of new investments. In this paper we investigate the impact of concession length and investment timing...
Persistent link: https://www.econbiz.de/10014066566
information sources include two Bank of Italy surveys carried out in 2007 on local public water authorities and local water …
Persistent link: https://www.econbiz.de/10012719112
More than a year has passed (July 2018) since the publication of "The impact of tariff regulation on the economic and financial results of water service operators" (Canitano & Peruzzi, 2018) and in this edition we are able to provide a time line that runs from 2007 to 2018, two years longer. The...
Persistent link: https://www.econbiz.de/10014102312
The paper provides a survey of some of the main tenets of water management in Italy, following the path of a rather …
Persistent link: https://www.econbiz.de/10014186689
significantly different results when compared to the canonical monopolistic and duopolistic models. In a certain-lived monopoly, the … leader invests sooner than in a duopoly if there is a risk of being preempted, and later than in a monopoly if the leader … role is pre-assigned. In a random- lived monopoly, entry occurs somewhere between the duopoly and monopoly cases. Higher …
Persistent link: https://www.econbiz.de/10012919988
to contribute to this line of inquiry through the case study of the implementation of the 1994 water reform in Italy in … European Court of Justice. -- regulatory reform ; public policy implementation ; Europeanization ; water sector ; Italy …
Persistent link: https://www.econbiz.de/10003922685