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Legitimacy building for the European Energy Exchange
Die Gewinnung von Legitimität für die European Energy Exchange
[journal article]
Abstract
"This paper analyzes the strategies to build legitimacy for the European Energy Exchange in Leipzig (short: EEX) which became the central trading place for electricity in Germany in 2002. Following Suchman's differentiation in the three phases of gaining, maintaining and repairing legitimacy, it foc... view more
"This paper analyzes the strategies to build legitimacy for the European Energy Exchange in Leipzig (short: EEX) which became the central trading place for electricity in Germany in 2002. Following Suchman's differentiation in the three phases of gaining, maintaining and repairing legitimacy, it focuses on the phase of gaining legitimacy. The arguments in this article are predominately based on neoinstitutional sociology. They are part of a larger project on the forms, functions and consequences of price building at the EEX." (author's abstract)... view less
Keywords
Federal Republic of Germany; energy industry; energy; market; legitimation; strategy; stock exchange; historical development; commerce; general conditions; financial market; Saxony; transparency; Hesse; formation of prices
Classification
Sociology of Economics
Economic Sectors
European Politics
Method
descriptive study
Document language
English
Publication Year
2011
Page/Pages
p. 202-219
Journal
Historical Social Research, 36 (2011) 3
Issue topic
Change of markets and market societies: concepts and case studies / Wandel von Märkten und Marktgesellschaften: Konzepte und Fallstudien
DOI
https://doi.org/10.12759/hsr.36.2011.3.202-219
ISSN
0172-6404
Status
Published Version; peer reviewed