Albalate, Daniel;
Bel, Germa;
Gonzalez-Gomez, Francisco;
Hernandez-Gutierrez, Jose C;
Picazo-Tadeo, Andres J;
(2024)
Changing prices after the reform of local public services: remunicipalization versus privatization.
Journal of Regulatory Economics
, 65
pp. 1-26.
10.1007/s11149-024-09472-7.
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Abstract
Privatization and remunicipalization have been used as alternative options to reform the delivery of local public services; in both cases, mainly because of disappointment with the service performance, although ideological preferences might also play a role. The drivers and effects of water privatization have been widely studied, whereas little empirical evidence is available for remunicipalization, particularly regarding its effects. Using a sample of Spanish municipalities, this paper assesses the change in the price of urban water following remunicipalization as compared to privatization. The main finding is that remunicipalization leads to smaller increases in price; this outcome is, however, due to a few atypical municipalities with abnormally low prices before the policy reform. Once these influential observations are controlled for, whether the reform consists of remunicipalization or privatization makes no difference regarding price changes. It is also found that remunicipalization is much more likely in cities governed by extreme left-wing parties.
| Type: | Article |
|---|---|
| Title: | Changing prices after the reform of local public services: remunicipalization versus privatization |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.1007/s11149-024-09472-7 |
| Publisher version: | https://doi.org/10.1007/s11149-024-09472-7 |
| Language: | English |
| Additional information: | This article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence, and indicate if changes were made. The images or other third party material in this article are included in the article's Creative Commons licence, unless indicated otherwise in a credit line to the material. If material is not included in the article's Creative Commons licence and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. To view a copy of this licence, visit http://creativecommons.org/licenses/by/4.0/. |
| Keywords: | Social Sciences, Economics, Business & Economics, Local public services, Prices, Privatization, Remunicipalization, Urban water, D49, G18, L33, L95, WATER SERVICES, EMPIRICAL-EVIDENCE, OWNERSHIP, MARKET, COSTS, DETERMINANTS, UTILITIES, DELIVERY, SIZE |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices > UCL SLASH UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Dept of Political Science |
| URI: | https://discovery.ucl.ac.uk/id/eprint/10217674 |
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