Nicola Giannelli

Neither State nor Market. Strategies and Instruments for Public Utilities in Italy

  • Abstract

Informations and abstract

Keywords: Public Utilities, Local Government, Privatization, Public-Private Partnership

In the last twenty years Local Public Utilities in Italy have gone through a deep change. Many public undertakings have been denationalized but not privatized, as they are still under political control. Mergers, agreements and acquisitions have created a few players of regional size, but they do not actually play in competitive markets. Public-private partnership takes often the format of public-private ownership. Political exchanges and business agreements are preferred to public regulation and market efficiency. Local governments lost their traditional control on public utilities. Such a weaker role is based on divided property rights, while regolatory agencies are not effective. In these arenas, private and political actors find their benefits, but democratic accountability is poor.

Trova nel catalogo di Worldcat

Article first page

Article first page