Una analisi delle modalità di privatizzazione dei spl: il caso Enìa - The aim of the paper is to focus on privatization of local public utilities (lpu) as a complex and «multidimensional» process. As an example of this issue, we study the case of Enìa spa, a company that manages the lpu of the Western area of Emilia Romagna, by the merging of three multi-utility companies (former city-owned firms). Making use of the Weigel (2003) theoretical framework, «formal» vs «substantial» privatization is discussed. The potential trade-off beetween efficiency and «social» objectives (not only prices, but also quality and security), together with low level of real competition in lpu often anable to carry on with excessively high rents, as a remedy for financial diseases of the (still public) owners.
