Hayekian complexity and the role of regulation in electricity markets
Fuat Oğuz
Economic Affairs, 2020, vol. 40, issue 3, 406-418
Abstract:
Utilities worldwide have followed the natural monopoly model for more than a century. This has started to change in recent decades. Electricity systems have become complex, as interactions between participants become multidimensional. This article examines the knowledge problem in an increasingly complex electricity system. I argue that increasing complexity in the electricity system necessitates reconsideration of the regulatory tariff model for utilities.
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations:
Downloads: (external link)
https://doi.org/10.1111/ecaf.12429
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:bla:ecaffa:v:40:y:2020:i:3:p:406-418
Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0265-0665
Access Statistics for this article
Economic Affairs is currently edited by Philip Booth
More articles in Economic Affairs from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().