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BOOK chapter / Electricity

Electricity Regulation

Author(s): DE HAUTECLOCQUE Adrien, PEREZ Yannick

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ABSTRACT

This book chapter, prepared for the upcoming new edition of the encyclopedia of law & economics, first reviews the evolution of the economic theory of competitive reforms in network industries and in the electricity sector, focusing on the contribution of the new institutional economics. The new institutional economics is of interest for law & economics scholars as it brings key insights in the design of an appropriate institutional framework. The chapter then reviews some of the key challenges ahead for electricity regulation.