Il fallimento del mercato e del non-mercato nei servizi pubblici locali: alcuni sviluppi dalle idee di Giancarlo Mazzocchi
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This article attempts to review some issues about market failures and non-market failures in the
local public utilities. Considering the different regulatory regimes no one seems superior to the
others. The limitation of the rate of return and price cap regulatory schemes are well known. Conditions
under which franchising permits to reach first best solutions are very restrictive. Yardstick
competition may obtain satisfactory results, if it is used with other regimes, and if the different situations
in which enterprises work are taken into account.
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