Fontana K.A. Governing Water and Energy as Specific Resourses release_nghbkq2infdetdwmznbfdex4n4

by B.H. Yerznkyan, CEMI RAS, K.A. Fontana, CEMI RAS

Published in Theory and Practice of Institutional Reforms in Russia: Collection of Scientific Works. Issue 51 by CEMI Russian Academy of Sciences.

2021   p116-122


Water and energy are resources without which it is impossible to present, at least, neither functioning of industrial enterprises nor existence of housekeeping. In terms of Oliver Williamson they are the typical resources (assets) of the general setting. Cases are at the same time possible, when they come forward as resources, alternative to generally accepted, namely: they appear in a role of specific resources. Reasons for it can be various, depending on the specificity of the concrete situation. As in the case of specific resources (assets) risks are great, it causes the special system requirements management such by water and energy. This paper is devoted to the exposure of features of these requirements.
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