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Set me free : liberalization and innovation in electricity production from renewable energies

Irmen, Justus (2016) Set me free : liberalization and innovation in electricity production from renewable energies.

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Abstract:The paper elaborates on the relationship between the institutional organization in terms of market and governance structures and the development of electricity produced from renewable energy sources. Building upon evolutionary theory in particular, it is assumed that a liberal market structure offers the best chance for the effective deployment of RES-E. It is further hypothesized, that governmental support is conditioning the effect of liberalization on the electricity production from renewable sources. Through governmental steering, the risk for investment is mitigated and renewable energy technologies are safeguarded from out-of-equilibrium dynamics, whose presence is an assumption at the heart of evolutionary theory. In order to test these assumption on the ideal economic organization of the electricity market, a quantitative, empirical approach, using a longitudinal research design, is employed. The data collected describes the institutional structures of all 28 Member states of the European Union. In the end, the hypotheses could not be confirmed. Still, the inquiry left valuable information about the challenges that research on economic organization and innovation is confronted with.
Item Type:Essay (Bachelor)
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:43 environmental science, 85 business administration, organizational science, 88 social and public administration
Programme:Management Society and Technology BSc (56654)
Link to this item:http://purl.utwente.nl/essays/70370
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