The issue of deregulation has long been debated, and today, even if largely adopted, is still contested. Taking deregulation as an established fact, will this process lead to a better or a worse situation in terms of the environment? The answer is far from obvious: there are so many factors to take into account. Two major difficulties emerge. First, sufficient time series do not exist to confirm or disprove theoretical assumptions, and it is premature to make conclusive
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