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Erschienen in:
1997 | OriginalPaper | Buchkapitel
Institutional Choice or Muddling Through - Problems of Transformation in the Electricity Supply Industry in Russia
verfasst von : Petra Opitz, Wolfgang Pfaffenberger
Erschienen in: Telecommunications and Energy in Systemic Transformation
Verlag: Springer Berlin Heidelberg
Enthalten in: Professional Book Archive
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In this paper we will analyse the options of institutional choice in the phase of transformation for a sector with special characteristics. Network-oriented sectors like electricity supply, natural gas supply, telecommunication, railways, etc., even in a market economy have some peculiarities which have led to special arrangements. Frequently, instead of the general rules prevailing in the market, special rules, excluding almost all elements of competition, have been introduced. In extreme cases the systems were state-controlled: The structure of the stateowned electricity supply industry (ESI) in Great Britain was very similar to the one of the former GDR.