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BOOK chapter / Electricity

The Achievement of Electricity Competitive Reforms: A Governance Structure Problem?

Author(s): GLACHANT Jean-Michel, PEREZ Yannick

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ABSTRACT

In this book chapter, we analyse the process of creation of electricity market in the framework of transaction costs theory and New Institutional Economics. By doing so, we focus on the continuous need for an ex-post adaptation of regulation and market design to achieve an efficient marker design for the electricity industry.