Abstract:In the judgment issued on 2 February 2015 the Italian Constitutional Court decided upon the constitutional legitimacy of the windfall profit tax imposed by the Italian government in 2008 on profitable energy companies. In his decision the Court disentangles the very economic foundations of such a tax and seeks to explain under its legal reasoning the market outcomes for the energy industry. The aim of this article is to assess the path-breaking law and economics methodology used, for the first time, by the Ita… Show more
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