The need for governance of restructured electric power systems and some policy implications

Research output: Contribution to journalArticle

3 Citations (Scopus)


Four key factors - bounded rationality, asset specificity, opportunism, and uncertainty - mean the electric power industry cannot function effectively without governance agreements. Three areas of important concern are broadly conceived dispute resolution policies, transparency-enhancing policies, and auditing policies.

Original languageEnglish
Pages (from-to)36-43
Number of pages8
JournalElectricity Journal
Issue number1
Publication statusPublished - 2002


ASJC Scopus subject areas

  • Business and International Management
  • Management of Technology and Innovation
  • Law

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