Title: Regional Institutions and Energy Market: Systems, Societies, Communities
Abstract: This chapter aims to analyse the relationship between energy market trends in fostering infrastructural interdependencies, on one hand, and institutional integration at the regional level, on the other. This interrelation is inherent in the classical theoretical debate on the influences of institutions upon infrastructures and vice versa. Theoretical discussions about political influence on economic development were embedded in classical institutional theories. For instance, Clarence Ayres (1944) pointed out the role of political instruments and economic habits in technological development. Furthermore, neo-institutional theories focused on formal and informal practices and norms that stimulate economic development on a national level (North, 1990; Hogson, 1998). Considering an ever-increasing role of regions in the academic debate (Hurrel, 2007), our chapter aims to uncover the most typical models linking regional institutions with energy markets.
Publication Year: 2015
Publication Date: 2015-01-01
Language: en
Type: book-chapter
Indexed In: ['crossref']
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Cited By Count: 2
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