Competition in Retail Electricity Supply
-
Stephen C. Littlechild
This paper presents an analysis and defense of competition in retail electricity supply. It includes some account of its development in the UK over the last dozen years, to the point where all retail price controls have now been removed. The development of this competition illustrates a number of the themes in Israel M. Kirzner’s writing – for example, the nature of competition as a process over time, the entrepreneurial and learning nature of this process, the role of marketing in alerting customers, the role of competition in establishing price and in discovering the services and suppliers that customers prefer, and the advantages of competition over regulation.Cet article propose une analyse et une défense de la concurrence de l’offre de détail d’électricité. Il comporte quelques résultats de son évolution au Royaume-Uni durant les douze dernières années, jusqu’au moment où tous les contrôles de prix au détail ont été abolis. L’évolution de cette concurrence illustre quelquesuns des thèmes des écrits d’Israel Kirzner — par exemple, la nature de la concurrence en tant que processus à travers le temps, la nature entrepreneuriale et cognitive de ce processus, le rôle du marketing dans l’information des consommateurs, le rôle de la concurrence dans la fixation des prix et dans la découverte des services et des offreurs que les consommateurs préfèrent, et les avantages de la concurrence par rapport la réglementation.
©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston
Artikel in diesem Heft
- Article
- Introduction
- Entrepreneurship and the Defense of Capitalism: An Examination of the Work of Israel Kirzner
- Entrepreneurship and Progress: The Need for a Greater Integration of Kirzner's and Hayek's Insights
- The Role of "Social Capital" in the Market Process
- The Role of Entrepreneurship in Shaping Legal Evolution
- Legal Entrepreneurship and Institutional Change
- Does a Superior Monetary Standard Spontaneously Emerge?
- Money and Alertness
- Professor Kirzner on Carl Menger: To What Extent Was Carl Menger Subjectivist?
- Capital, Interest, and Professor Kirzner
- Friedrich von Wieser and Friedrich A. Hayek: The General Equilibrium Tradition in Austrian Economics
- Competition in Retail Electricity Supply
- Ludwig Von Mises, the Man and His Economics - Israel M. Kirzner
- The Driving Force of the Market - Essays in Austrian Economics - Israel M. Kirzner
- Publications of Israel M. Kirzner
- Recent Publications
Artikel in diesem Heft
- Article
- Introduction
- Entrepreneurship and the Defense of Capitalism: An Examination of the Work of Israel Kirzner
- Entrepreneurship and Progress: The Need for a Greater Integration of Kirzner's and Hayek's Insights
- The Role of "Social Capital" in the Market Process
- The Role of Entrepreneurship in Shaping Legal Evolution
- Legal Entrepreneurship and Institutional Change
- Does a Superior Monetary Standard Spontaneously Emerge?
- Money and Alertness
- Professor Kirzner on Carl Menger: To What Extent Was Carl Menger Subjectivist?
- Capital, Interest, and Professor Kirzner
- Friedrich von Wieser and Friedrich A. Hayek: The General Equilibrium Tradition in Austrian Economics
- Competition in Retail Electricity Supply
- Ludwig Von Mises, the Man and His Economics - Israel M. Kirzner
- The Driving Force of the Market - Essays in Austrian Economics - Israel M. Kirzner
- Publications of Israel M. Kirzner
- Recent Publications
