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Municipalities at a Crossroad: Ownership, Performance and Reforms in Local Public Services

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  • Bernardo Bortolotti
  • Carlo Scarpa
  • Laura Pellizzola

Abstract

A recent debate in Italy has stressed the relevance of the so called «municipal capitalism», i.e. of the increasing presence of the firms owned by local governments in the public services sectors. These firms are suspected of being ways on the one hand to by-pass public finance constraints and on the other hand to distort competition in sectors where local authorities are in charge also of public regulation. The aim of this article is to return a descriptive analysis of direct and indirect holdings by local governments and to give evidence of their impact on the Italian economic activity and on their operating performance.

Suggested Citation

  • Bernardo Bortolotti & Carlo Scarpa & Laura Pellizzola, 2011. "Municipalities at a Crossroad: Ownership, Performance and Reforms in Local Public Services," L'industria, Società editrice il Mulino, issue 1, pages 15-36.
    • Handle: RePEc:mul:j0hje1:doi:10.1430/34263:y:2011:i:1:p:15-36
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    Cited by:

    1. Margherita Boggio, 2016. "Regulatory biases under local partial privatization," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 43(2), pages 157-174, June.

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