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Electricity and telecoms reforms in the EU: Insights from the economics of federalism

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  • Trillas, Francesc

    ()
    (IESE Business School)

Abstract

The 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 Info

Paper provided by IESE Business School in its series IESE Research Papers with number D/861.

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Length: 27 pages
Date of creation: 07 May 2010
Date of revision:
Handle: RePEc:ebg:iesewp:d-0861

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Postal: IESE Business School, Av Pearson 21, 08034 Barcelona, SPAIN
Web page: http://www.iese.edu/
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Keywords: federalism; regulation; electricity; telecommunications;

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Cited by:
  1. Carlo Andrea Bollino & Davide Ciferri & Paolo Polinori, 2013. "Integration and convergence in European electricity markets," Quaderni del Dipartimento di Economia, Finanza e Statistica 114/2013, Università di Perugia, Dipartimento Economia, Finanza e Statistica.
  2. John J. García & Francesc Trillas, 2013. "European energy industry shocks, corporate control and firms' value," DOCUMENTOS DE TRABAJO CIEF 010928, UNIVERSIDAD EAFIT.
  3. Clifton, Judith & Diaz Fuentes, Daniel & Revuelta, Julio, 2013. "Financing Utilities: How the Role of the European Investment Bank shifted from regional development to making markets," MPRA Paper 50557, University Library of Munich, Germany.
  4. Erdogdu, Erkan, 2011. "The impact of power market reforms on electricity price-cost margins and cross-subsidy levels: a cross country panel data analysis," MPRA Paper 28414, University Library of Munich, Germany.
  5. Erdogdu, Erkan, 2013. "Essays on Electricity Market Reforms: A Cross-Country Applied Approach," MPRA Paper 47139, University Library of Munich, Germany.
  6. Clifton, Judith & Díaz-Fuentes, Daniel & Revuelta, Julio, 2014. "Financing utilities: How the role of the European Investment Bank shifted from regional development to making markets," Utilities Policy, Elsevier, vol. 29(C), pages 63-71.
  7. John J. García & Francesc Trillas, 2012. "Regulatory Reform and Corporate Control in European Energy Industries," DOCUMENTOS DE TRABAJO CIEF 010664, UNIVERSIDAD EAFIT.
  8. Wolfgang Kerber & Julia Wendel, 2014. "Regulation of Network Sectors in the EU: A Federalist Perspective," MAGKS Papers on Economics 201422, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).

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