“…Public policy and innovation were also researched with a focus on market privatization and the need for large future investments (Leautier, 2000;Finon et al, 2004). Additionally, the topic of the effect of public policies and support schemes on innovation recently attracted academic interest from the perspectives of implementing renewable energy sources (Foxon et al, 2005;Foxon and Pearson, 2007;Huang et al, 2012;Fridolfsson and Tangerås, 2013;Jacobsson and Karltorp, 2013;Winskel et al, 2014;Ciarreta et al, 2014), smart grids (Lin et al, 2013;Agrell et al, 2013;Schiavo et al, 2013), CCS (Lai et al, 2012), energy efficiency (Beerepoot and Beerepoot, 2007;Huntington, 2011;Imhof, 2011;Brennan, 2013) and electricity industry competitiveness (Baek et al, 2014). Prior studies broadly addressed how public policies affect general markets, such as the impetus of policy on consumer or sector behavior, how these policies affect the workings of energy markets and how end users/markets respond to individual policies (Huntington, 2011;Brennan, 2013;Imhof, 2011;Söderholm and Pettersson, 2011).…”