The Political Economy of Institutional Change in the Electricity Supply Industry
Author | : Carlos Rufin |
Publisher | : Edward Elgar Publishing |
Total Pages | : 244 |
Release | : 2003-01-01 |
ISBN-10 | : 1781957363 |
ISBN-13 | : 9781781957363 |
Rating | : 4/5 (363 Downloads) |
Download or read book The Political Economy of Institutional Change in the Electricity Supply Industry written by Carlos Rufin and published by Edward Elgar Publishing. This book was released on 2003-01-01 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: Through a variety of analytical lenses - formal modeling, econometrics and case study comparisons - Carlos Rufín fills a gap in the political economy of second-wave, or microeconomic, reforms around the world. More specifically, he does so in the context of the electricity supply industry, where such reforms have been as problematic as they have been widespread. The author shows that ideological considerations and bargaining over the distribution of economic rents accruing from certain institutional arrangements are powerful shapers of institutional change. At the same time, the legacy of the past does not appear to have a clear or systematic effect on the direction of second-wave reforms that seek to transform existing economic institutions. If distributional conflicts can be resolved, these conclusions provide grounds for optimism about the ability to create new institutions even in countries where little favorable precedent exists.