INNOVATION AND COMPETITION IN GENERATION AND RETAIL POWER MARKETS

There has been considerable merger activity in EU energy markets in recent years. It could be argued that competition authorities should be required to take into account potential innovation effects of mergers. In the UK, regulators are now trying to achieve multiple objectives within the current framework. There is a danger that if markets are expected to deliver mutually incompatible objectives they will be unable to achieve any of them.     

技术创新的可持续发展战略与企业核心技术能力培育

加强技术创新、培育企业核心技术对国企的振兴与发展、企业市场竞争力的提高、产业结构调整下企业经营方式转变、企业可持续性发展能力提高乃至实施国家可持续发展战略都起着至关重要的作用。要实现国企效益的普遍提高 ,必须克服现有企业技术创新系统中存在的科技、经济脱节和技术创新激励机制弱化等问题 ,使企业成为真正的创新主体。     

THE BUS INDUSTRY IN DANGER

After seeking to placate the local government lobby while retaining the benefits of private enterprise, the Labour government's policy for bus services is slipping into a dangerous compromise which will neglect the market while seizing assets from commercial operators. Behind this lies a policy leading to the return of bus services to public ownership.     

Competition and Innovation in Retail Electricity Markets: Evidence from Italy

Italy's 2015 Annual Competition Law, if finally approved, provides for phasing out retail electricity price regulation, as well as the implementation of full retail liberalisation, from 1 July 2018. This is a significant reform, not just because it is consistent with the broader market design for electricity. Indeed, retail liberalisation is a qualifying element of the full integration of the European Union's electricity market. The full opening of retail markets provides a great opportunity for innovation, both on the demand side and on the supply side. This article investigates the theoretical background, and presents some empirical evidence, on the competition–innovation nexus in retail electricity markets.     

THE CHOICE OF MODEL IN THE CONSTRUCTION OF INDUSTRY COEFFICIENTS MATRICES

Kop Jansen and ten Raa's (1990) characterization of product-by-product input–output tables was adopted by the United Nations (1993). Recent OECD and several EU funded projects, however, used industry-by-industry tables, which raises comparable issues concerning their construction. We show how their two main construction models are instances of the transfer principle, with alternative assumptions on the variation of input–output coefficients across product markets. We augment the theory by formulating desirable properties for industry tables and investigate the so-called fixed product and fixed industry sales structure models, which are used by statistical institutes. The fixed industry sales structure model is shown to be superior from an axiomatic point of view.     

关于电能表误接线对电力计量的思路探索

在电力发展中,电能计量是电力商品交易的重要衡量标准,电能计量与供用电双方的经济利益有着密切联系。本文就电能表误接线的几种情况对电力计量带来的影响进行分析和探讨,并提出相应策略。     

NETWORKS,INNOVATION AND REGULATION

The design and operation of Britain's energy networks have not changed significantly in 50 years. Energy networks will have a central role to play in decarbonising the economy. Unprecedented levels of technical and commercial innovation are likely to be necessary. The existing incentive‐based approach to regulating the monopoly networks has been a success in lowering prices whilst delivering investment and improved reliability. But it will need to change to encourage and reward these levels of innovation. This paper sets out some of the regulators' thinking on the changes required.     

MARKET POWER AND THE PHARMACEUTICAL INDUSTRY IN SOUTH AFRICA

This paper examines the social cost of the pharmaceutical industry in South Africa. From a regulatory perspective the industry is seen to exhibit monopolylike behaviour resulting in monopoly prices on the supply (manufacturing) side and diminished consumption on the demand (consumer) side. The evidence presented here, which is complementary to that of previous studies, does not support that view. The findings contained here are relevant to the highly contentious subject of access to drugs.     

THE BROKEN WHEEL: THE INSEPARABILITY OF AUTONOMY AND CONTROL IN INNOVATION WITHIN ORGANIZATIONS

There is an ambiguity at the centre of our understanding of innovation in large, specialized organizations. The literature is split as to whether individual autonomy or hierarchical control leads to an increase in innovative activity. In this article, I argue that this uncertainty is the result of an inappropriate conceptualization. In my view, autonomy and control are inseparable aspects of managerial action, not independent empirical phenomena. Innovation in an organization requires the simultaneous regulation of autonomy and control in order to promote creativity and experimentation but still produce results that can be manufactured and marketed or institutionalized. I develop an interpretive concept of culture to analyse the relationship between autonomy and control, and I apply this conceptual framework to managers and engineers in an electronics company as they attempt to innovate. Four general conclusions emerge. First, autonomy and innovation can never be ends in themselves but always depend on a context of control for their relevance to the organization. Second, under conditions in which innovation is required and autonomous behaviour is important, general management control is needed as a sort of switching station to regulate interaction and set and enforce priorities. Third, when control and autonomy are not in balance a vicious circle can develop which undermines commitment to an organization's goals. Fourth, innovation in organizations requires participants to have a highly developed sense of the legitimate possibilities of autonomy in organization.