An initiative of the Governance & Regulation Chair · Université Paris-Dauphine – PSL

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Institutions, Exchange and Coordination

Transaction cost economics and digital market platforms for electricity

Lynne Kiesling Associate Professor in Economics, Carnegie Mellon University

About this lecture

The digital technological changes that we have seen in the past 20 years are starting to affect the electricity industry through what are called smart grid technologies. In this final lecture, Prof. Kiesling discusses the implications of the recent digital transformation on the organizational arrangements in existing utility business models and on the regulatory architecture of the electricity market.
digital innovationelectricityenergytransaction costsplatforms

References

Chassin, David, and Lynne Kiesling. 2008. “Decentralized Coordination through Digital Technology, Dynamic Pricing, and Customer-Driven Control: The GridWise Testbed Demonstration Project,” Electricity Journal 21: 51-59

Jean-Michel Glachant (2018), “Innovation and Disruption at the Grid’s Edge: How Distributed Energy Resources are Disrupting the Utility Business Model,” Economics of Energy and Environmental Policy

Lynne Kiesling (2016), “Implications of Smart Grid Innovation for Organizational Models in Electricity Distribution,” Wiley Smart Grid Handbook (Wiley)

Lynne Kiesling, Michael Munger, & Alexander Theisen (2019), “From Airbnb to Solar: Toward a Transaction Cost Model of a Retail Electricity Platform,” working paper, available at https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3229960

Munger (2018) Tomorrow 3.0 (Cambridge Press)

Part of the IOE ecosystem

Governance and Regulation Chair, Université Paris-Dauphine – PSL Institutional & Organizational Economics Academy Society for Institutional & Organizational Economics