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Public values in the energy sector: economic perspectives

Author

Listed:
  • Aad F. Correlje
  • John P.M. Groenewegen

Abstract

An overview is provided of public values from main perspectives constituting economic science, while examining how these perspectives deal with energy policy. Neoclassical and New Institutional Economics conceive governance and regulation as outcomes of cost minimising actors that operate in well defined environments. Public values are an issue in the case of externalities, public goods and natural monopolies. Original Institutional Economics makes the framework of analysis multi-disciplinary, an analysis of the shared mental maps, learning, and the distribution of power via institutions. The actions of actors are driven by individual motivation and embedded in a technical and social, economic environment.

Suggested Citation

  • Aad F. Correlje & John P.M. Groenewegen, 2009. "Public values in the energy sector: economic perspectives," International Journal of Public Policy, Inderscience Enterprises Ltd, vol. 4(5), pages 395-413.
  • Handle: RePEc:ids:ijpubp:v:4:y:2009:i:5:p:395-413
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    Citations

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    Cited by:

    1. John Groenewegen, 2011. "Evolution and Design of Institutions Supporting Liberalization," Chapters, in: Matthias Finger & Rolf W. Künneke (ed.), International Handbook of Network Industries, chapter 5, Edward Elgar Publishing.
    2. Hong, Yoorim, 2018. "How the discussion on a contested technology in Twitter changes: Semantic network analysis of tweets about cryptocurrency and blockchain technology," 22nd ITS Biennial Conference, Seoul 2018. Beyond the boundaries: Challenges for business, policy and society 190383, International Telecommunications Society (ITS).
    3. de Wildt, T.E. & Chappin, E.J.L. & van de Kaa, G. & Herder, P.M. & van de Poel, I.R., 2019. "Conflicting values in the smart electricity grid a comprehensive overview," Renewable and Sustainable Energy Reviews, Elsevier, vol. 111(C), pages 184-196.
    4. Lagendijk, Arnoud & Kooij, Henk-Jan & Veenman, Sietske & Oteman, Marieke, 2021. "Noisy monsters or beacons of transition: The framing and social (un)acceptance of Dutch community renewable energy initiatives," Energy Policy, Elsevier, vol. 159(C).
    5. François, Delphine & Correljé, Aad F. & Groenewegen, John P.M., 2010. "Cost recovery in the water supply and sanitation sector: A case of competing policy objectives?," Utilities Policy, Elsevier, vol. 18(3), pages 135-141, September.

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