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Framework Options for Electricity Utilities in Transition Economies: Attempting a Systematic Approach


  • I. Lewington


The 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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  • I. Lewington, 1997. "Framework Options for Electricity Utilities in Transition Economies: Attempting a Systematic Approach," CERT Discussion Papers 9708, Centre for Economic Reform and Transformation, Heriot Watt University.
  • Handle: RePEc:hwe:certdp:9708

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    7. Cohn, Elchanan & Rhine, Sherrie L W & Santos, Maria C, 1989. "Institutions of Higher Education as Multi-product Firms: Economies of Scale and Scope," The Review of Economics and Statistics, MIT Press, vol. 71(2), pages 284-290, May.
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    9. Glass, J C & McKillop, Donal G & Hyndman, N, 1995. "Efficiency in the Provision of University Teaching and Research: An Empirical Analysis of UK Universities," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 10(1), pages 61-72, Jan.-Marc.
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    Cited by:

    1. Radmilo Pesic & Diana Urge-Vorsatz, 2001. "Restructuring of the Hungarian Electricity Industry," Post-Communist Economies, Taylor & Francis Journals, vol. 13(1), pages 85-99.
    2. 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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