IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/40370.html
   My bibliography  Save this paper

Winners or losers?: State measures in crisis management and the energy markets

Author

Listed:
  • Somosi, Sarolta

Abstract

Several studies have been made about the present global financial crisis that has affected real economy as well. We know the root causes and its consequences. However we found a sector that has not been examined comprehensively in inland studies on the ground of changing environment. It is worth examining the effects on energy sector on the basis of their stages and impacts. Among governmental responses we can find several that hit energy markets, like super-taxes, privatisation or the broadening of state ownership. National supports were introduced for the handling of the financial crisis within the energy sector. However we must add that energy market supports served rather development purposes and not company salvage like we have seen it in other sectors. Also competition rules remained almost as consistent as we experienced it before. Moreover, if recent EU level energy policy projects come true, energy sector can even realize profit from the crisis. Future of the European energy markets depends on the recognition and exploitation of the possibilities coming from new circumstances.

Suggested Citation

  • Somosi, Sarolta, 2012. "Winners or losers?: State measures in crisis management and the energy markets," MPRA Paper 40370, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:40370
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/40370/1/MPRA_paper_40370.pdf
    File Function: original version
    Download Restriction: no

    References listed on IDEAS

    as
    1. Anita Wölfl & Isabelle Wanner & Tomasz Koźluk & Giuseppe Nicoletti, 2009. "Ten Years of Product Market Reform in OECD Countries: Insights from a Revised PMR Indicator," OECD Economics Department Working Papers 695, OECD Publishing.
    2. Aoife Brophy Haney & Michael G. Pollitt, 2013. "New models of public ownership in energy," International Review of Applied Economics, Taylor & Francis Journals, vol. 27(2), pages 174-192, March.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    energy markets; economic crisis; state measures;

    JEL classification:

    • H1 - Public Economics - - Structure and Scope of Government
    • L95 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Gas Utilities; Pipelines; Water Utilities
    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
    • L50 - Industrial Organization - - Regulation and Industrial Policy - - - General

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:40370. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Joachim Winter) or (Rebekah McClure). General contact details of provider: http://edirc.repec.org/data/vfmunde.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.