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Economics of infrastructure: Thanks to Douglass North, who introduced me to Mary Shirley who was then a senior economist at the World Bank (she is now the President of the Ronald Coase Institute, and I am a member of the Board), I have been involved since the mid-1990s in the economics of infrastructures. More specifically I have developed a strong interest for the reform of public utilities, particularly urban water systems in developing countries. I have progressively diversified my portfolio to include public transportation, postal services, and railways, mainly in cooperation with young researchers and colleagues from different institutions.
Interfirm agreements and non-standard modes of organization: I have had a long standing interest for arrangements that Williamson tagged as ‘hybrids’. Beside theoretical contributions, in which I have mainly focused on issues of governance, I have worked on specific sectors, particularly the agrifood industry and I have been and remains involved in several international research program on these issues.
Interaction between institutions and modes of organization: The deep movements towards the reform of public utilities and the problems that can emerge from unfitted institutions have rapidly attracted my attention. I have invested increasingly in the analysis of the impact of institutions, particularly regulation, on alternative modes of organization, on their performance, and on the trade-off between these modes. My recent research focuses on the role of micro-institutions in shaping and implementing reforms of public