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
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)
New Economics Papers: this item is included in nep-ene, nep-hme and nep-reg
References: Add references at CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
Our link check indicates that this URL is bad, the error code is: 500 Can't connect to economia.uniparthenope.it:80 (A connection attempt failed because the connected party did not properly respond after a period of time, or established connection failed because connected host has failed to respond.)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:prt:dpaper:6_2011
Access Statistics for this paper
More papers in Discussion Papers from D.E.S. (Department of Economic Studies), University of Naples "Parthenope", Italy Contact information at EDIRC.
Bibliographic data for series maintained by Antonietta Milano ().