“…• Size of the SP, with several authors (Byrnes et al, 2009;Romano and Guerrini, 2011;Martins et al, 2012;Carvalho and Marques, 2014, 2016Pinto et al, 2017;Molinos-Senante and Guzman, 2018;Caldas et al, 2019;Henriques et al, 2020;Walker et al, 2021;Pereira and Marques, 2022) finding economies of scale up to a certain SP dimension; • Ownership structure (Romano and Guerrini, 2011;Marques, 2015, 2016;Pinto et al, 2017;Sala-Garrido et al, 2021;Walker et al, 2021) addressing vertical integration and economies of scope between DW and WW, although Carvalho and Marques (2014) found also diseconomies of scope; • Governance model (Byrnes et al, 2009;Pinto et al, 2017;Molinos-Senante and Guzman, 2018;Caldas et al, 2019;Marques and Simões, 2020;Henriques et al, 2020;Molinos-Senante and Maziotis, 2022) mainly favoring private and/or concession management, although some studies (Cruz et al, 2012;Sala-Garrido et al, 2019;Mocholi-Arce et al, 2022;Pereira and Marques, 2022) do not back this conclusion; • Geographical location (Romano and Guerrini, 2011;Marques et al, 2014;Pereira and Marques, 2022); • Customer density and treatment plant (TP) typology (Marques et al, 2014;Marques, 2015, 2016;Henriques et al, 2020;Sala-Garrido et al, 2021;Mergoni et al, 2022) favoring economies of output density, although Molinos-Senante and found otherwise...…”