IDEAS home Printed from https://ideas.repec.org/p/bdi/opques/qef_123_12.html
   My bibliography  Save this paper

Competition and regulation in Italy

Author

Listed:
  • Magda Bianco

    (Banca d'Italia)

  • Silvia Giacomelli

    (Banca d'Italia)

  • Giacomo Rodano

    (Banca d'Italia)

Abstract

Insufficient competition remains a major obstacle to growth in Italy. The main culprits include the institutional environment and the regulations governing some economic sectors subject to market failures. As to the former, relative neglect of economic efficiency has produced an unstable and inconsistent regulatory framework, excessive administrative burdens, and an inefficient system of contract enforcement. Past attempts to reform this area have yielded poor results. As to the latter, regulation was satisfactory only in some sectors. The excessive number of activities in which some operators enjoyed exclusive rights to provide services and restrictive regulation hindered competition in professional services. Growing awareness of the importance of competition policies to foster growth has given new impetus to the implementation of a wide programme of liberalization and institutional reform.

Suggested Citation

  • Magda Bianco & Silvia Giacomelli & Giacomo Rodano, 2012. "Competition and regulation in Italy," Questioni di Economia e Finanza (Occasional Papers) 123, Bank of Italy, Economic Research and International Relations Area.
    • Handle: RePEc:bdi:opques:qef_123_12
    as

    Download full text from publisher

    File URL: https://www.bancaditalia.it/pubblicazioni/qef/2012-0123/QEF_123.pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Luciano Lavecchia & Carlo Stagnaro, 2019. "There ain’t no such thing as a free deed: the case of Italian notaries," European Journal of Law and Economics, Springer, vol. 47(2), pages 277-290, April.

    More about this item

    Keywords

    competition; regulation; antitrust; institutions.;
    All these keywords.

    JEL classification:

    • K2 - Law and Economics - - Regulation and Business Law
    • K3 - Law and Economics - - Other Substantive Areas of Law
    • K3 - Law and Economics - - Other Substantive Areas of Law

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bdi:opques:qef_123_12. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/bdigvit.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.