Laurino, Antonio and Grimaldi, Raffaele (2010): The process of highway privatization in Italy and Japan. Published in: General Proceedings of the XII Scientific Meeting of the Italian Society of Transport Economics (SIET)
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In the last decade, the private sector has increased its role in the highways sector both through the construction and management of new assets. Private sector involvement, often justified by the need to ease public expenditure, allows a reduction in public participation for new investments. The public sector remains in charge of other important issues such as regulation, but privatization entails the transfer of a natural monopoly to another subject with completely different objectives compared with the public operator. The present work wants to analyse the highway privatization processes in Italy and Japan focusing on the two approaches and on their differences; the paper tries to evaluate the policies applied and their consequences on the general economic well – being according to a public economics viewpoint. Italy implemented a real privatization process (even if some regulatory issues have risen) while Japan still faces a strong public presence.
|Item Type:||MPRA Paper|
|Original Title:||The process of highway privatization in Italy and Japan|
|Keywords:||privatization, highways, natural monopoly, Italy, Japan|
|Subjects:||R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R4 - Transportation Systems > R42 - Government and Private Investment Analysis; Road Maintenance; Transportation Planning
R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R4 - Transportation Systems > R48 - Government Pricing and Policy
L - Industrial Organization > L4 - Antitrust Issues and Policies > L43 - Legal Monopolies and Regulation or Deregulation
|Depositing User:||Antonio Laurino|
|Date Deposited:||26. Feb 2011 09:24|
|Last Modified:||20. Feb 2013 20:02|
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