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| Author: | Lyhne Ibsen, C. Skovgaard Poulsen, L. |
| Title: | Path dependence and independent utility regulation: the case of Danish energy and telecommunications regulation |
| Journal: | Scandinavian economic history review
2007 : VOL. 55:1, p. 41-63 |
| Index terms: | energy European Union regulations telecommunications industry Denmark |
| Language: | eng |
| Abstract: | The establishment of the Danish independent regulatory authorities for the energy and telecommunications sectors was based upon EU directives as part of their liberalisation process. Following the concepts of transaction costs and path dependency this paper analyses differences in independence between the two authorities - the Danish Energy Regulatory Authority (Energitilsynet) and the National IT and Telecommunications Agency (IT- og Telestyrelsen) respectively. It is found that the state's negligible interest in the energy sector until the 1970s formed the basis for strong energy companies capable of influencing regulation in their interest. |
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