Abstract
The regulatory framework in which European public transit companies operate has evolved quite rapidly since the mid-eighties. In Italy, in spite of a number of measures aimed at restraining public intervention in the provision of the service, only recently, the public transit sector has initiated a structural reorganization. The stimulating element has been the enactment of Public Law 422/97 which, aiming at increasing competition, represents a strong motivation for the companies to improve their efficiency in order to be prepared when competitive bidding for the service will initiate. This paper analyzes the possible variations in the efficiency conditions of these companies in order to verify how individual firms are preparing to face the new operating conditions of the marketplace. The paper focuses on the publicly owned passenger transportation companies operating in Emilia Romagna, Italy.
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