Electricity and telecoms reforms in the EU: Insights from the economics of federalism |
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| Authors: | Francesc Trillas |
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| Affiliation: | 1. Unità Operativa di Radiologia Diagnostica e Interventistica, Azienda Ospedaliera San Paolo, Via di Rudinì 8, Milan 20142, Italy;2. Dipartimento di Scienze della Salute, Università degli Studi di Milano, Via di Rudinì 8, Milan 20142, Italy;3. Gastroenterology Unit, Department of Biomedical and Clinical Sciences, L. Sacco University Hospital, Milan, Italy;4. Unità di Radiologia, IRCCS Policlinico San Donato, San Donato Milanese, Italy;5. Dipartimento di Scienze Biomediche della Salute, Università degli Studi di Milano, San Donato Milanese 20097, Italy;6. Scuola di Specializzazione in Radiodiagnostica, Facoltà di Medicina e Chirurgia, Università degli Studi di Milano, Milan 20122, Italy;7. Unità Operativa di Anatomia Patologica, Azienda Ospedaliera San Paolo, Milan 20142, Italy;8. Department of Radiology, University of Wisconsin School of Medicine & Public Health, Madison, WI 53792-3252, USA |
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| Abstract: | The economics of federalism is a broad discipline with more than five decades of experience. It may shed light on how regulatory jurisdiction is allocated in EU electricity and telecommunications markets. The liberalization of these markets has been accompanied by gradual harmonization of national markets to overcome resistance to competitive forces. Less steps than necessary have been undertaken to promote market integration. Positive and normative reasons remain however for the participation of national or even regional/local powers. Vertical cooperation will remain a necessary condition of a sound regulatory framework, but cooperation may sometimes be inhibited by distributive considerations. |
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