Iniciativa privada y política pública en el desarrollo de la industria eléctrica en España. La hegemonía de la gestión privada, 1875–1950*

Francesca Antolín

Revista de Historia Económica / Journal of Iberian and Latin American Economic History, 1999, vol. 17, issue 2, 411-445

Abstract: I study the introduction of electricity in Spain (1875–1900) and the consolidation of this industry (1900–1950), from a managerial perspective. The private sector took the lead. The State's participation was subsidiary, helping to create an institutional and legal framework. Firms became local monopolies, and acted jointed as an oligopoly in their relationships with the Administration. Under protected markets and little regulation, their production and pricing strategies aimed at short run profit maximization. As a result, the Spanish consumer was not well attended, and electricity contributed only mildly to growth.

Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:cup:reveco:v:17:y:1999:i:02:p:411-445_00

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