Public values in the energy sector: economic perspectives

Aad F. Correlje and John P.M. Groenewegen

International Journal of Public Policy, 2009, vol. 4, issue 5, 395-413

Abstract: An overview is provided of public values from main perspectives constituting economic science, while examining how these perspectives deal with energy policy. Neoclassical and New Institutional Economics conceive governance and regulation as outcomes of cost minimising actors that operate in well defined environments. Public values are an issue in the case of externalities, public goods and natural monopolies. Original Institutional Economics makes the framework of analysis multi-disciplinary, an analysis of the shared mental maps, learning, and the distribution of power via institutions. The actions of actors are driven by individual motivation and embedded in a technical and social, economic environment.

Keywords: NCE; neoclassical economics; NIE; new institutional economics; OIE; original institutional economics; assumptions; energy sector; public values; policy making; economic theory. (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://www.inderscience.com/link.php?id=25079 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijpubp:v:4:y:2009:i:5:p:395-413

Access Statistics for this article

More articles in International Journal of Public Policy from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().