Publications

Latest publications on energy, environment, transport, industrial economics and competition policy

Improving efficiency in the MSW collection and disposal service combining price cap and yardstick regulation: The Italian case

Municipal solid waste collection and disposal service is a key element of the European strategy aimed at moving towards a circular economy. An efficient municipal solid waste collection and disposal is closely related to both lower waste tax and higher welfare of the interested population. In Italy, the lack of a centralized regulatory framework has determined heterogeneous performances of sector operators across the country. Firstly, we estimate the productive efficiency in different optimal territorial areas and secondly we forecast the economic benefits that would arise under a new regulatory regime. Our approach combines the well-known yardstick competition and the price-cap mechanisms. Results suggest that if all territorial areas converged to the most efficient ones, a potential saving between 12% and 19% emerges, i.e., up to €2bn savings out of €10.05bn total tax revenue in 2015, the reference year.

An analysis of air market trends in Europe. The Alitalia paradox: any solution?

Title An analysis of air market trends in Europe. The Alitalia paradox: any solution? Author Riccardo Toso Abstract The following study wants to analyse the economic and managerial causes which have affected Italian carrier, Alitalia, in the last years. From the niche literature, some further evidence on its economic impact is provided: why the air market development in Italy is limited and how this company is still unable to detect

The history of Italo and the benefits of competition in the Italian HSR sector

Authors Andrea Giuricin, Roberto Tosatti Abstract The purpose of this study, divided in three different parts, is to represent the evolution of the Italian high-speed railway (HSR) sector from the origin to the competition phase, focusing attention on the non-public competitor, Italo, recently became an American company. In the first part of the study will be provided a presentation about the liberalization of the Italian rail market under EU regulation.

Sell it, close it or restructure it? Scenarios of  the extraordinary administration of Alitalia

Author Ugo Arrigo Abstract The aim of the study is to analyse the prospects for resolving Alitalia’s crisis and to assess the various options of the government and of the company’s administration. There are three possible outcomes: the first is to sell Alitalia, the second is to close it, and the third is to restructure it. The failure of the company, its closure, is the worst scenario, given the enormous

The new crisis of Alitalia and the prospects for a solution

This study uses the information available as of 30.04.2018. It will be updated according to future availability of relevant data and information. The first part of the study examines the characteristics of the Italian air transport market in the period 2004-2016 and the role played by Alitalia in it. It also analyses the main economic and industrial results of the national carrier, comparing its costs with those of the major

Wind energy plants repowering potential in Italy: technical-economic assessment

In many countries, pioneers in wind plants installation during the last decades of XX century, there is a progressive shortage of land based sites suitable for new wind farms and, at the same time, many installed wind turbines are reaching the end-of-life. Three options can be considered for a wind plant at the end-of-life: the decommissioning, the revamping and the repowering. The main advantages of the repowering option are the

Effectiveness of Energy Efficiency Certificates as Drivers for Industrial Energy Efficiency Projects

The efficiency of policies in steering the implementation of energy efficiency (EE) projects has multiple implications including economic opportunity such as reduction of greenhouse gas emissions, security of supply, technological development opportunity for industry. One of the key new instruments foreseen to support EE improvements is the EE certificate (EEC). Focusing on the industrial business case, the purpose of this paper is two-fold. First the energy performance contact is analyzed and

Smart metering projects: an interpretive framework for successful implementation

The energy sector has significantly changed in recent years and has introduced new challenges, especially for policymakers and distribution system operators (DSOs). Among other challenges, there is the management of the smart metering (SM; abbreviation also used for smart meter) technologies and their rollout. Several SM implementation projects have been initiated throughout Europe because of the EU directive on energy efficiency 2012/27/EC and priors. No wonder that scholars and industry

New Alitalia crisis and the extraordinary administration (2017-2018)

This note represents the update to the period of Alitalia’s commissioner and the attempt to sell the carrier of a previous study carried out in the middle of the year 2017. It therefore covers the period 2017 – the first part of 2018 and aims to analyze the reasons that led to the aggravation of the Alitalia crisis and the commissioner. It also intends to analyze, as far as possible,