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- W3122964812 abstract "Well-functioning markets result, by definition, in efficient market outcomes, but this does not mean that the outcomes are always socially accepted as the optimal outcomes. This chapter shows that there are many possible efficient market outcomes depending on the initial allocation of endowments. In Sect. 11.2, it will become clear that the concepts of allocative efficiency and distribution have different meanings. The other two sections of this chapter discuss regulatory measures to redistribute welfare. Section 11.3 addresses the question how resource rents can be redistributed within society, while Sect. 11.4 discusses the issues of energy poverty and fairness and what types of regulatory measures can be used to make the distribution of welfare more aligned with social objectives." @default.
- W3122964812 created "2021-02-01" @default.
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- W3122964812 date "2020-10-17" @default.
- W3122964812 modified "2023-10-16" @default.
- W3122964812 title "Distributional Effects and Equity Concerns in Energy Markets" @default.
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- W3122964812 doi "https://doi.org/10.1007/978-3-030-58319-4_11" @default.
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