Framework Options for Electricity Utilities in Transition Economies: Attempting a Systematic Approach
AbstractThe paper proposes a systematic approach to the question of choosing new framework conditions for ESIs in transition economies. The likely impact of ownership, structure and regulation on six chosen assessment criteria is analysed in a simple matrix model illustrating objective trade-offs. When the model is applied to the case study of the transformation of the East German ESI, it suggests a particular weakness in the area of allocative efficiency. The empirical analysis confirms the prediction of excessive price increases and highly ineffective price regulation.
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Bibliographic InfoPaper provided by Centre for Economic Reform and Transformation, Heriot Watt University in its series CERT Discussion Papers with number 9708.
Date of creation: 1997
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- Radmilo Pesic & Diana Urge-Vorsatz, 2001. "Restructuring of the Hungarian Electricity Industry," Post-Communist Economies, Taylor & Francis Journals, vol. 13(1), pages 85-99.
- Christian von Hirschhausen & Petra Opitz, 2001. "Power Utility Re-regulation in East European and CIS Transformation Countries (1990-1999): An Institutional Interpretation," Discussion Papers of DIW Berlin 246, DIW Berlin, German Institute for Economic Research.
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