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Does Privatization Matter? Liberalization and regulation: The case of European electricity

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  • Christophe Genoud
  • Frédéric Varone

Abstract

Traditional hypotheses on privatization are often unable to explain the current developments in the sectors of network industries such as electricity, telecommunications, railways and postal services. Through the building of an approach focused on the re-regulation issues in the electricity sector in Europe this article contributes to a first exploratory study of privatization and the constitution of complementary hypotheses on the necessity to privatize or not State Owned Enterprises in liberalized contexts. The empirical study of Norway, France, England and Wales, Germany and Switzerland electricity liberalization shows that institutional diversity is important in terms of regulatory institutions design. Although privatization does not appear to be the logical consequence of liberalization the existence of State Owned Enterprises does however represent one of the crucial issues of the regulatory framework design process of liberalized network industries sectors.

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  • Christophe Genoud & Frédéric Varone, 2002. "Does Privatization Matter? Liberalization and regulation: The case of European electricity," Public Management Review, Taylor & Francis Journals, vol. 4(2), pages 231-256, January.
    • Handle: RePEc:taf:pubmgr:v:4:y:2002:i:2:p:231-256
    DOI: 10.1080/14616670210130543
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    Cited by:

    1. Judith Clifton & Daniel Díaz‐Fuentes, 2010. "Evaluating Eu Policies On Public Services: A Citizens' Perspective," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 81(2), pages 281-311, June.
    2. Jacques Pelkmans & Lionel Kapff, 2010. "Interconnector Investment for a Well-functioning Internal Market. What EU regime of regulatory incentives?," Bruges European Economic Research Papers 18, European Economic Studies Department, College of Europe.
    3. Opolska, Iweta, 2017. "The efficacy of liberalization and privatization in introducing competition into European natural gas markets," Utilities Policy, Elsevier, vol. 48(C), pages 12-21.
    4. Pompei, Fabrizio, 2013. "Heterogeneous effects of regulation on the efficiency of the electricity industry across European Union countries," Energy Economics, Elsevier, vol. 40(C), pages 569-585.

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