The Privatization of Public Utilities

1. Front Matter

   Pages i-13

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2. Central Issues

   1. Front Matter

      Pages 15-15

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   2. Privatisation, Liberalisation and the Orientation of Regulation

      • Alberto Pera

      Pages 17-34

   3. Some Criteria for Privatization in Italy

      • Gian Cesare Romagnoli

      Pages 35-50

   4. Privatization and The Ownership Structure of Public Utilities

      • Francesco Lo Passo, Alfredo Macchiati

      Pages 51-69

3. International Experience

   1. Front Matter

      Pages 71-71

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   2. The Privatisation of the British Public Sector: An Assessment of a Policy Innovation

      • Peter M. Jackson

      Pages 73-97

   3. An Attempt to End Monopoly: the Privatisation of the UK Electricity Industry

      • Franco A. Grassini

      Pages 99-118

   4. The European Union’s Policy on the Electricity and Natural Gas Industries

      • Guido Cervigni

      Pages 119-140

4. Sectorial Aspects: Electricity, Natural Gas, Railways, Telecommunications, the Postal Service

   1. Front Matter

      Pages 141-141

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   2. The Italian Electricity Sector Between Privatization and the Fear of Competition

      • Michele Polo, Carlo Scarpa

      Pages 143-175

   3. Deregulation and Privatization of the Natural Gas Market in Italy

      • M. Gabriella Briotti, Elena Notarangelo

      Pages 177-208

   4. Privatization and Reorganization in the Italian Public Utilities: Railway Transport

      • Andrea Pezzoli

      Pages 209-231

   5. Industrial Organization and Efficiency in Telecommunications Services

      • Massimo G. Colombo, Paola Garrone

      Pages 233-258

   6. Privatizing the Italian Postal Services Governance Structure, Property Rights and Monopoly Rents

      • Vincenzo Visco Comandini

      Pages 259-288

5. Back Matter

   Pages 289-293

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The privatization of public utilities raises several complex issues. The privatization decision involves not only the transfer of ownership from the public to the private sector, and thus the design of appropriate selling procedures (with regard to valuation of assets, flotation of shares, etc), but also, and most importantly, it appears to require the adjustment of significant features of the industrial organization and the regulatory framework. This volume focuses on the two related questions of why and how to proceed to privatization.

• efficiency
• industrial organization
• organization
• organizations

• University of Rome ‘La Sapienza’, Italy

  Mario Baldassarri

• CONSOB, Rome, Italy

  Alfredo Macchiati

• University of Urbino, Italy

  Diego Piacentino

Policies and ethics