Can law impose competition? A critical discussion and evidence from the Turkish electricity generation market

dc.contributor.authorOğuz, Fuat
dc.contributor.authorAkkemik, K. Ali
dc.contributor.authorGöksal, Koray
dc.date.accessioned2019-06-27T08:03:03Z
dc.date.available2019-06-27T08:03:03Z
dc.date.issued2014
dc.departmentFakülteler, İktisadi, İdari ve Sosyal Bilimler Fakültesi, Ekonomi Bölümüen_US
dc.description.abstractElectricity markets have undergone regulatory reforms since the early 1980s around the world. Technical analyses of these reforms usually pay lip service to the influence of politics over regulatory processes. Existing studies examine certain aspects of the market such as demand pricing and efficiency and they touch upon political issues only passingly when economic models cannot provide sufficient explanation This approach problematically takes politics as an ad hoc variable. This study shows that electricity is intrinsically a 'political good' and argues that any meaningful reform effort should take institutions as the starting point rather than a residual. The argument that politics has to be an endogenous variable in any model aspiring to explain behavior in electricity markets is demonstrated in the paper. The evidence for the political good character of electricity is found by examining the Turkish regulatory reform for Which it is argued that there is not a satisfactory relationship between expected and realized gains. (C) 2013 Elsevier Ltd. All rights reserved.en_US]
dc.identifier.citation6
dc.identifier.doi10.1016/j.rser.2013.10.024en_US
dc.identifier.endpage387
dc.identifier.issn1364-0321en_US
dc.identifier.issn1364-0321
dc.identifier.scopus2-s2.0-84887877826en_US
dc.identifier.scopusqualityQ1
dc.identifier.startpage381en_US
dc.identifier.urihttps://hdl.handle.net/20.500.12469/731
dc.identifier.urihttps://doi.org/10.1016/j.rser.2013.10.024
dc.identifier.volume30en_US
dc.identifier.wosWOS:000331421800029en_US
dc.identifier.wosqualityQ1
dc.institutionauthorAkkemik, K. Alien_US
dc.language.isoenen_US
dc.publisherPergamon-Elsevier Science Ltden_US
dc.relation.journalRenewable and Sustainable Energy Reviewsen_US
dc.relation.publicationcategoryDiğeren_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectElectricity marketen_US
dc.subjectPolitical gooden_US
dc.subjectRegulationen_US
dc.subjectTurkeyen_US
dc.titleCan law impose competition? A critical discussion and evidence from the Turkish electricity generation marketen_US
dc.typeReviewen_US
dspace.entity.typePublication

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