Why does leviathan innovate? The law and economics of technological change at state-owned electric utilities
Abstract/Contents
- Abstract
- State-owned enterprises (SOEs) are the dominant firm type in the global electricity sector. Yet, little is known about why some state-owned electricity utilities adopt new technologies more readily than others. Economists are divided about SOE innovation. Neoclassical scholarship suggests that government-owned firms lack the market incentives for adopting new technologies. By contrast, evolutionary economists suggest that precisely because they are less affected by market demands, SOEs can be effective innovators. This dissertation contributes a legal perspective to this broader economic debate. The dissertation argues that SOE innovativeness (or lack thereof) does not derive from their ownership. Instead, SOE innovation is a consequence of the interaction between host government interests and the legal and financial institutions which shape the risk taking ability of SOE managers. Using mixed methods, the dissertation provides evidence supporting this theory from SOEs in high-income countries. The dissertation provides nuance to evolving economic theories on state-led innovation. It also offers policymakers guidance on how to reform SOEs in the electricity sector to incentivize technological change.
Description
| Type of resource | text |
|---|---|
| Form | electronic resource; remote; computer; online resource |
| Extent | 1 online resource. |
| Place | California |
| Place | [Stanford, California] |
| Publisher | [Stanford University] |
| Copyright date | 2021; ©2021 |
| Publication date | 2021; 2021 |
| Issuance | monographic |
| Language | English |
Creators/Contributors
| Author | Dibley, Arjuna Charles |
|---|---|
| Degree supervisor | Hensler, Deborah R, 1942- |
| Degree supervisor | Milhaupt, Curtis J, 1962- |
| Thesis advisor | Hensler, Deborah R, 1942- |
| Thesis advisor | Milhaupt, Curtis J, 1962- |
| Thesis advisor | Victor, David G |
| Degree committee member | Victor, David G |
| Associated with | Stanford University, School of Law JSD |
Subjects
| Genre | Theses |
|---|---|
| Genre | Text |
Bibliographic information
| Statement of responsibility | Arjuna Charles Dibley. |
|---|---|
| Note | Submitted to the School of Law JSD. |
| Thesis | Thesis JSD Stanford University 2021. |
| Location | https://purl.stanford.edu/ww428zp8348 |
Access conditions
- Copyright
- © 2021 by Arjuna Charles Dibley
- License
- This work is licensed under a Creative Commons Attribution Non Commercial 3.0 Unported license (CC BY-NC).
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