Institutions, Exchange Relations, and the Emergence of New Fields: Regulatory Policies and Independent Power Production in America, 1978–1992

Michael V. Russo

152 citations0/0 files storedAdministrative Science Quarterly

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Management and Organizational Studies Regulation and Compliance Studies Political Influence and Corporate Strategies

Abstract

This paper analyzes how a new field, independent (or non-utility) power production, was created by a federal mandate that electric utilities purchase power from private generating sources and how the field was populated. Results show that key rules that state regulatory bodies adopted or rejected regulating exchange between independent power producers and utilities were influential predictors of organizational foundings. Results also show that collective action by independent power producers boosted foundings. Finally, if the preexisting relationship between utilities and regulators was one of accommodation, foundings were suppressed. The paper examines these results in view of economic and sociological perspectives on public policies, spotlighting the vital role of institutions in early population dynamics.

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References

1990Institutions, Institutional Change and Economic Performance 1985Economic Action and Social Structure: The Problem of Embeddedness 1988Social Capital in the Creation of Human Capital 1991Institutions, Institutional Change and Economic Performance 2000Social Capital in the Creation of Human Capital 1995Managing Legitimacy: Strategic and Institutional Approaches 1960The Problem of Social Cost 1987The Economic Institutions of Capitalism

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