Electricity and telecoms reforms in the EU: Insights from the economics of federalism
AbstractThe economics of federalism is a broad discipline with more than five decades of experience. It may shed light on how regulatory jurisdiction is allocated in EU electricity and telecommunications markets. Specifically, this paper assesses the evolution of reform up to and including the third EU packages, which continue the liberalization and integration process in these markets. Liberalization has been accompanied by gradual harmonization of national markets to overcome resistance to competitive forces. Less steps than necessary have been undertaken to promote market integration; yet, positive and normative reasons remain for the participation of national or even regional/local powers. Vertical institutional cooperation will remain a necessary condition for a sound regulatory framework, but cooperation may sometimes be inhibited by distributive considerations.
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Bibliographic InfoPaper provided by IESE Business School in its series IESE Research Papers with number D/861.
Length: 27 pages
Date of creation: 07 May 2010
Date of revision:
federalism; regulation; electricity; telecommunications;
Other versions of this item:
- Trillas, Francesc, 2010. "Electricity and telecoms reforms in the EU: Insights from the economics of federalism," Utilities Policy, Elsevier, vol. 18(2), pages 66-76, June.
- H77 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Intergovernmental Relations; Federalism
- K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law
- L50 - Industrial Organization - - Regulation and Industrial Policy - - - General
- L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
- L96 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Telecommunications
- L97 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Utilities: General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-09-25 (All new papers)
- NEP-ENE-2010-09-25 (Energy Economics)
- NEP-EUR-2010-09-25 (Microeconomic European Issues)
- NEP-IND-2010-09-25 (Industrial Organization)
- NEP-MIC-2010-09-25 (Microeconomics)
- NEP-PBE-2010-09-25 (Public Economics)
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