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Municipal Waste Selection and Disposal: Evidences from Lombardy

Silvestri, Francesco; Ghinoi, Stefano - Fondazione ENI Enrico Mattei (FEEM) - 2015

This article exploit a data base of 1.522 observations related to Lombardy’s municipalities to run a cross sectional estimation of the drivers of MW selection. We find no evidence of a significant correlation between the percentage of selected MW selection and market variables such as the unit...

Persistent link: https://www.econbiz.de/10011268603

Restructuring Italian Utility Markets: Household Distributional Effects

Valbonesi, Paola; Miniaci, Raffaele; Scarpa, Carlo - Fondazione ENI Enrico Mattei (FEEM) - 2005

Competition in public utility sectors has been encouraged in recent years throughout Europe. In this paper we try and analyse the welfare effects of these reforms in Italy, with particular attention to water and energy goods. The first step is to introduce a sensible measure of affordability of...

Persistent link: https://www.econbiz.de/10005385483

Privatization in Western Europe Stylized Facts, Outcomes, and Open Issues

Bortolotti, Bernardo; Milella, Valentina - Fondazione ENI Enrico Mattei (FEEM) - 2006

Privatization has certainly been one of the main events of the economic and financial history of the 20th century. Between 1997 and 2004 more than 4,000 privatization operations were carried out in the world, bringing to governments revenues for over 1,350US$billion. Western Europe emerges as...

Persistent link: https://www.econbiz.de/10005385379

Firm Regulation and Profit-Sharing: A Real Option Approach

Moretto, Michele; Valbonese, Paola - Fondazione ENI Enrico Mattei (FEEM) - 2006

through price-cap mechanisms, several regulatory agencies have recently introduced profit-sharing (PS) clauses aimed at … obtaining price reductions to the benefit of consumers. However, the implementation of these PS clauses has often turned out to … be severely con- trained by the incompleteness of the price-cap itself and the non-verifiability of firms’profits. This …

Persistent link: https://www.econbiz.de/10005385418

Theory of Privatization in Eastern Europe: Literature Review

Schindele, Ibolya - Fondazione ENI Enrico Mattei (FEEM) - 2003

This paper discusses the most important theoretical contributions to the literature on privatization, focusing on emerging economies, and gives a summary on recent research concerning the ways privatization might affect the development of securities markets. In addition, the paper provides a...

Persistent link: https://www.econbiz.de/10005385452

The Political Economy of Privatization

Bortolotti, Bernardo; Pinotti, Paolo - Fondazione ENI Enrico Mattei (FEEM) - 2003

This paper provides an empirical analysis of the role of political institutions in privatization. The empirical testing relies on a new political database with continuous and time-varying measures of the political-institutional setting, and of the partisan orientation of the executive. Using...

Persistent link: https://www.econbiz.de/10005385457

Privatisation Methods and Economic Growth in Transition Economies

Bennett, John; Estrin, Saul; Maw, James; Urga, Giovanni - Fondazione ENI Enrico Mattei (FEEM) - 2004

We investigate the impact of differences in privatisation method on national economic performance in transition economies. Our approach is to estimate, using dynamic panel data methods, a growth equation over 23 countries for the period 1990-2001. Among our results, we find that mass...

Persistent link: https://www.econbiz.de/10005385471

Privatization and Financial Market Development: Theoretical Issues

Chiesa, Gabriella; Nicodano, Giovanna - Fondazione ENI Enrico Mattei (FEEM) - 2003

Stock market capitalization in developed countries grew while massive privatization plans were in progress. It is however possible that stock market development would have occurred anyway. Below we identify features that are specific to share-issue privatizations (SIPs) and should a priori...

Persistent link: https://www.econbiz.de/10005385484

Do Competition and Ownership Matter? Evidence from Local Public Transport in Europe

Nicolini, Marcella; Boitani, Andrea; Scarpa, Carlo - Fondazione ENI Enrico Mattei (FEEM) - 2010

This paper investigates how the ownership and the procedure for the selection of firms operating in the local public transport sector affect their productivity. In order to compare different institutional regimes, we carry out a comparative analysis of 72 companies operating in large European...

Persistent link: https://www.econbiz.de/10008489583

"It Is Never too late": Optimal Penalty for Investment Delay in Public Procurement Contracts

Vergalli, Sergio; Chiara D’Alpaos; Moretto, Michele; … - Fondazione ENI Enrico Mattei (FEEM) - 2009

We provide a general framework in which to determine the optimal penalty fee inducing the contractor to respect the contracted delivery date in public procurement contracts (PPCs). We do this by developing a real option model that enables us to investigate the contractor’s value of investment...

Persistent link: https://www.econbiz.de/10004987240