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Interest Groups in the Colombian Electrical Industry Regulation

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  • German Darío Valencia Agudelo

    ()

Abstract

There's an existing trend on the current public service dynamics that thinks the State as entity. Such entity is limited to establishing prices and qualities of the services it regulates, based on costs and information offered by agents: thus, full-filling a function essentially technical. The idea developed herein is quite different: the State's action and regulation is taken into account as an interaction of the interest groups that use the coercive power of the State or regulating agencies to capture rents at the expense of less organized groups. This analytical perspective allows working regulation as a political economy phenomenon; whereby, the different actors of a democratic government such as the Colombian, use the power elements offered by the system to obtain the highest possible benefits in the regulatory game.

Suggested Citation

  • German Darío Valencia Agudelo, 2005. "Interest Groups in the Colombian Electrical Industry Regulation," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 62, pages 123-155, Enero-Jun.
  • Handle: RePEc:lde:journl:y:2005:i:62:p:123-155
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    More about this item

    Keywords

    Interest groups; electrical industry; economic regulation; political economy; public administration;

    JEL classification:

    • D7 - Microeconomics - - Analysis of Collective Decision-Making
    • H83 - Public Economics - - Miscellaneous Issues - - - Public Administration
    • K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law
    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
    • N46 - Economic History - - Government, War, Law, International Relations, and Regulation - - - Latin America; Caribbean
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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