National Research Council
of Italy
CNR-CERIS
Institute for Economic
Research on Firm and
Growth
Collegio Carlo Alberto -
via Real Collegio, n. 30 10024 Moncalieri (Torino) – ITALY
Tel.: +39 011 68
24 942;
fax : +39 011 68
24 966;
email:
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Clementina
Bruno
Università del Piemonte Orientale "Amedeo Avogadro"
& HERMES Research CentreVia Perrone, 18
28100 Novara – ITALY
Tel.: +39 0321 375468;
email:
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Abstract: This paper
proposes an efficiency analysis of the major European incumbent firms in the
fixed telecommunications sector. The non-parametric approach, that has been
adopted here, expresses the efficiency according to a directional distance
measure, allowing to consider the different nature of outputs categories,
according to their technological content. Efficiency measures are analysed in
relation to some indicators that capture the effect of recent reforms in the
direction of liberalization, privatization and vertical separation. The results
show that while private ownership and market concentration do not significantly
affect the operational efficiency, the vertical separation has a positive
effect on performances. This suggest that any losses of vertical scope
economies, are more than balanced by performance improvements generated by the
expectation of an increase in competition in the medium to long term.