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Unintended consequences of energy policy in Slovakia
Title Unintended consequences of energy policy in Slovakia Par.title Nezamýšľané dôsledky energetickej politiky na Slovensku Author info Jaroslav Ďaďo, Ivan Sedliačik Author Ďaďo Jaroslav 1954- (50%) UMBEF03 - Katedra ekonomiky a manažmentu podniku
Co-authors Sedliačik Ivan 1975- (50%) UMBEF03 - Katedra ekonomiky a manažmentu podniku
Source document Ekonomika a spoločnosť : vedecký časopis Ekonomickej fakulty Univerzity Mateja Bela v Banskej Bystrici. Roč. 17, č. 2 (2016), s. 123-131. - Banská Bystrica : Vydavateľstvo Univerzity Mateja Bela - Belianum, 2016 Keywords kontrola dotácie - subsidies rakúska ekonomická škola - Austrian school of economics elektrická energia - electric power - electric energy Language English Country Slovak Republic systematics 338 Annotation Government interventions are contradictory theme in economic science. Subsidies and price control in electricity production and consumption are justifi ed to “treat” negative externalities such as climate changes, security of supplies, innovation or unemployment issues. Some authors contradict such a treatment and prove to be ineffective. Focus of this article is to analyze interventions and their consequences in electricity market in Slovakia. We refer to claim of Mises, that intervention produces unintended consequences, leads to escalating price fi xing and at the end it eliminates the market altogether. We examined intention, goals and tools of Slovak regulatory agency and proved those are unduly determined and will not lead to desired ends. We have proved that real outcomes of this policy had led to unintended consequences such as excess of production facilities, declining prices of electricity, decreased profi tability of all producers and exit from market of marginal production sources that are not subsidized. We applied mainly Austrian economic school methods, based on methodological individualism, dualism, apriorism and deductive logic, supplemented by descriptive statistics, comparative and classifi cation analysis Public work category ADF No. of Archival Copy 38862 Catal.org. BB301 - Univerzitná knižnica Univerzity Mateja Bela v Banskej Bystrici Database xpca - PUBLIKAČNÁ ČINNOSŤ References PERIODIKÁ-Súborný záznam periodika 
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