Governance-technology co-evolution and misalignment in the electricity industry

Elina De Simone () and Sandro Sapio ()

Discussion Papers from D.E.S. (Department of Economic Studies), University of Naples "Parthenope", Italy

Abstract: 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.

Keywords: Governance; Technology; Coherence; Competence; Transaction costs; Regulation. (search for similar items in EconPapers)
JEL-codes: D23 L43 L94 M20 O31 (search for similar items in EconPapers)
Date: 2011-06-16
New Economics Papers: this item is included in nep-ene, nep-hme and nep-reg
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