Powered by OpenAIRE graph
Found an issue? Give us feedback
image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao VBNarrow_drop_down
image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
VBN
Article . 2001
Data sources: VBN
International Journal of Global Energy Issues
Article . 2001 . Peer-reviewed
Data sources: Crossref
versions View all 2 versions
addClaim

This Research product is the result of merged Research products in OpenAIRE.

You have already added 0 works in your ORCID record related to the merged Research product.

Civic markets: the case of the California energy crisis

Authors: Woodrow W. Clark; II II; Henrik Lund;

Civic markets: the case of the California energy crisis

Abstract

Did California's great "deregulation" experiment fail? Was it flawed in the first instance as most economists argue? Or was the deregulation of a public "good" (such as energy) and as such a civic "trust"? What role does public policy play in economic decisions? No matter what the opinions about the causes of the energy crisis, the result is the same the crisis has created a "challenge" for all 34 million Californians. In fact, the challenge is for all US citizens, as it is in other countries as well. The reasons are clear: can energy, like water, waste or the environment, be subject to market forces? Or are these sectors qualitatively different from telecom, transportation, or manufacturing sectors? California has had to confront this basic issue directly since the energy crisis erupted in the summer of 2000. The actual causes of the energy crisis may never be really uncovered even after protracted lawsuits, but three issues became clear in the "challenge": understanding that a "higher" public good, hence a role for government in certain infrastructure sectors such as energy, exists; second, leaving such public good infrastructures to the "free market" is both naive economics and flawed logic - the fact that only a few power generation companies control the flow of energy into California demonstrates the faculty of free markets equals more competition; and finally, California has embarked on a journey with immeasurable consequences. For the first time in modern history, a nation's state must take control of its own destiny. Sustainable development will now be defined over the next few years of the New Millennium. The paper will focus on the economic and business issues surrounding energy with specific recommendations on "sustainable development" drawn from the California challenge.

Country
Denmark
Related Organizations
Keywords

Markets

  • BIP!
    Impact byBIP!
    citations
    This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    36
    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Top 10%
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    Top 10%
    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
    Average
Powered by OpenAIRE graph
Found an issue? Give us feedback
citations
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
36
Top 10%
Top 10%
Average
bronze