Captured Energy Market Operation and Liberalization Efforts
Captured Energy Market Operation and Liberalization Efforts
Author(s): Anna DimitrovaSubject(s): Economy, Energy and Environmental Studies
Published by: Институт за икономически изследвания при Българска академия на науките
Keywords: regulation; capture; liberalization; energy
Summary/Abstract: The article examines several developments in the energy sector in Bulgaria through the prism of the “capture” theory (“interest groups” theory), and regulatory capture in particular. It argues that captured state interventions or the lack thereof lead to inefficiencies in the utilities and to socially inferior results, especially in a highly concentrated market, intensive public ownership and questionable NRA independence context. They are liable to hinder effective market liberalisation and green transition efforts.
Journal: Икономически изследвания
- Issue Year: 2021
- Issue No: 7
- Page Range: 19-31
- Page Count: 13
- Language: English