Emerging costs deriving from blackouts for individual firms: evidence from an Italian case study

Clementina Bruno, Ugo Finardi (), Azahara Lorite-Espejo and Elena Ragazzi ()
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Clementina Bruno: Dipartimento di Studi per l’Economia e l’Impresa, Università del Piemonte Orientale, Novara, Italy
Azahara Lorite-Espejo: Dipartimento di Studi per l’Economia e l’Impresa, Università del Piemonte Orientale, Novara, Italy

quaderni IRCrES from CNR-IRCrES Research Institute on Sustainable Economic Growth - Moncalieri (TO) ITALY - former Institute for Economic Research on Firms and Growth - Torino (TO) ITALY

Abstract: Among the costs deriving to firms from electric blackouts, emerging costs are the less studied ones. This work aims at shedding some light on the specific topic with an empirical approach. It performs in fact three case studies, describing blackout emerging costs for three firms of very different industries. Data obtained in the cases are described, and a cost function is tentatively sketched. Case studies show that emerging costs, though not prevailing in value over the lost production costs, may be relevant in some cases. At the end of the work, conclusions are drawn, and learned lessons are outlined.

Keywords: electric power; blackout; emerging costs; case studies; production loss (search for similar items in EconPapers)
JEL-codes: D24 D61 L94 (search for similar items in EconPapers)
Pages: 30 pages
Date: 2016-04
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