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dc.contributor.authorDE HAUTECLOCQUE, Adrien
dc.contributor.authorPEREZ, Yannick
dc.date.accessioned2011-04-15T12:17:52Z
dc.date.available2011-04-15T12:17:52Z
dc.date.issued2011
dc.identifier.issn1028-3625
dc.identifier.urihttps://hdl.handle.net/1814/16355
dc.description.abstractThis paper first reviews some of the main contributions of the new institutional economics to the analysis of the process of competitive transformation of network industries. It shows that neoinstitutional analysis is complementary to the microeconomics of rational pricing, since it accounts for the decisive role of an institutional framework adapted to new transactions. It emphasizes the importance of the political reform process, which draws on the conditions of attractiveness and feasibility to define an initial reorganization of property rights in these industries. The paper then analyzes in this light some of the main challenges ahead for electricity regulation: the question of investment in generation capacities and the link to long term contracts, the regulation of wholesale market power, the support to Renewable Energy Sources for Electricity (RES-E) and the design of new regulatory authorities.en
dc.format.mimetypeapplication/pdf
dc.language.isoenen
dc.relation.ispartofseriesEUI RSCASen
dc.relation.ispartofseries2011/21en
dc.relation.ispartofseriesLoyola de Palacio Programme on Energy Policyen
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectElectricity marketsen
dc.subjectNew institutional economicsen
dc.subjectLaw & economicsen
dc.titleLaw & Economics Perspectives on Electricity Regulationen
dc.typeWorking Paperen
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