This paper first reviews some of the main contributions of the new institutional economics to the analysis of the process of competitive transformation of network industries. It shows that neoinstitutional analysis is complementary to the microeconomics of rational pricing, since it accounts for...

Demand response is a cornerstone problem in electricity markets under climate change constraint. Most liberalized electricity markets have a poor track record at encouraging the deployment of smart meters and the development of demand response. In Europe, different models are considered for...

In the early 1990s, Pablo Spiller worked on North and Williamson's application of the New Institutional Economics, on the conditions of credible network reforms. Credibility is defined as the capacity to provide reform commitments. This work, started from a Positive Political Economics Veto...