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Network Industries and Social Welfare
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Network Industries and Social Welfare: The Experiment that Reshuffled European Utilities

Massimo Florio

Abstract

A dramatic change of ownership, regulation, and organization of essential public services, such as electricity, gas, and telecommunications, has taken place in Europe in less than 20 years. This was not the outcome of spontaneous adaptation, but an entirely top-down policy experiment, mainly conceived in London during Mrs Thatcher’s years, then pursued in Brussels—the ‘capital’ of the European Union—and imposed on more or less reluctant players by laws, directives, regulations, and administrative and judicial decisions. The European reform paradigm revolves around three pillars: privatization, ... More

Keywords: Network industries, privatization, unbundling, liberalization, regulation, electricity, gas, telecommunications

Bibliographic Information

Print publication date: 2013 Print ISBN-13: 9780199674855
Published to Oxford Scholarship Online: September 2013 DOI:10.1093/acprof:oso/9780199674855.001.0001

Authors

Affiliations are at time of print publication.

Massimo Florio, author
Professor of Public Economics and Jean Monnet Chair 'ad personam' of EU Industrial Policy, Università degli Studi di Milano

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