Incumbent Vertical Market Power, Experimentation, and Institutional Design in the Deregulating Electricity Industry
By L. Lynne Kiesling
This article appeared in the Fall 2014 issue of The Independent Review.
Many states initiated electricity liberalization and deregulation in the 1990s, but retail competition for residential customers has remained sluggish, and innovation in products, services, and pricing has been uncommon. The restructuring efforts yielded lackluster results largely because they failed to lift regulations that hinder experimentation by producers and consumers.
L. Lynne Kiesling is Senior Lecturer in the Department of Economics and the Social Enterprise in the Kellogg School of Management at Northwestern University.
Economic PolicyEconomyFree Market EconomicsLaw and LibertyPrivatizationProperty Rights, Land Use, and ZoningPublic ChoiceRegulationScience and Public PolicyTelecom and Internet Policy
|Other Independent Review articles by L. Lynne Kiesling|
|Winter 2015/16||The Connected Home and an Electricity-Market Platform for the Twenty-First Century|
|Summer 2014||U.S. Energy Policy and the Pursuit of Failure|
|Fall 1996||Public Goods and Private Communities: The Market Provision of Social Services|