Governance-technology co-evolution and misalignment in the electricity industry
This paper explores some reasons why the alignment between governance and technology in infrastructures may be unstable or not easy to achieve. Focusing on the electricity industry, we claim that the decentralization of governance – an essential step towards a decentralized technical coordination - may be hampered by if deregulation magnifies behavioural uncertainties and asset specificities; and that in a technically decentralized system, political demand for centralized coordination may arise if the players are able to collude and lobby, and if such practices lead to higher electricity rates and lower efficiency. Our claims are supported by insights coming from approaches as diverse as transaction cost economics, the competence-based view of the firm, and political economy.
|Date of creation:||16 Jun 2011|
|Date of revision:|
|Contact details of provider:|| Postal: |
Web page: http://economia.uniparthenope.it/ise/sito/index.htmEmail:
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:prt:dpaper:6_2011. 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: (Antonietta Milano)
If references are entirely missing, you can add them using this form.