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Author: Michael Albert Florance
Publisher:
ISBN:
Category : Competition
Languages : en
Pages : 208
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Book Description
Author: Michael Albert Florance
Publisher:
ISBN:
Category : Competition
Languages : en
Pages : 208
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Book Description
Author: Jerome R. Ellig
Publisher: Bloomsbury Publishing USA
ISBN: 0313366608
Category : Science
Languages : en
Pages : 303
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Book Description
In the natural gas industry, competition and contracting are gradually replacing monopoly and regulation. In this volume, many leading economists who follow the gas industry present their views on current and future industry trends. To help regulators and industry leaders better understand these changes and to reform regulation, the authors apply economic theories of contestable markets, public choice, transaction costs and dynamic entrepreneurship to the gas industry. The issues addressed in this work are crucial, not just for the gas industry, but for all industries that have traditionally been treated as regulated monopolies.
Author: Daniel H. Cole
Publisher: Routledge
ISBN: 1135697019
Category : Business & Economics
Languages : en
Pages : 243
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Book Description
This book addresses the fundamental issues underlying the debate over electric power regulation and deregulation. After decades of the presumption that the electric power industry was a natural monopoly, recent times have seen a trend of deregulation followed by panicked re-regulation. This important book critically analyses this controversial area from a legal and economic perspective.
Author: Peter C. Carstensen
Publisher: Edward Elgar Publishing
ISBN: 184844382X
Category : Business & Economics
Languages : en
Pages : 265
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Book Description
The thorough analyses presented in the book provide the reader with a good overview of the deregulation process in the respective industries. . . Competition Policy and Merger Analysis in Deregulated and Newly Competitive Industries is a valuable resource for researchers of law, economics, and political science. . . Volker Soyez, European Competition Law Review This comprehensive book contains case studies on the evolution of competition policy, with an emphasis on merger policy, for seven major US industries that have experienced substantial deregulation in the past forty years electricity, natural gas, telecommunications, railroads, airlines, hospitals and banking. Also included is a comparison of the EU s experience in attempting to bring about competition in the energy, finance, and airline industries. The contributors to the volume, each a recognized expert on the industry examined, explore the positive and negative implications of the substitution of market-oriented processes for historic patterns of command and control regulation. The chapters reveal clear similarities in the economic, legal and public policy issues that have arisen following deregulation of these economic sectors. Together they provide a good basis to discern the consistency of the problems and the relative success of differing responses to these issues over a range of industries going through similar transformation. While taking a basically positive view of the movement away from direct regulation, the contributors identify a number of continuing problems with achieving workable competition in these industries. The thorough analyses presented here will be of great value to law, economics, and political science researchers interested in deregulation, economic consultants advising government agencies or private parties, attorneys who focus on deregulated industries, policy planners at the agencies overseeing these industries, and students in advanced seminars on economic regulation.
Author: Harry G. Broadman
Publisher: Routledge
ISBN: 1317357868
Category : Business & Economics
Languages : en
Pages : 116
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Book Description
Originally published in 1983, Broadman and Montgomery present an agenda for further research into deregulated natural gas markets by relating natural gas production, transmission and distribution with the economic function of contracts and local distribution companies. This work raises fundamental issues that could arise with the deregulation of the natural gas industry and outlines analytical methods that could be used to predict any problems that might arise and possible changes to policy. This title is of interest to students of Environmental Studies and professionals.
Author: Paul W. MacAvoy
Publisher: Yale University Press
ISBN: 0300129327
Category : Business & Economics
Languages : en
Pages : 158
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Book Description
divOver the past six decades federal regulatory agencies have attempted different strategies to regulate the natural gas industry in the United States. All have been unsuccessful, resulting in nationwide gas shortages or massive gas surpluses and costing the nation scores of billions of dollars. In addition, partial deregulation has led the regulatory agency to become more involved in controlling individual transactions among gas producers, distributors, and consumers. In this important book, Paul MacAvoy demonstrates that no affected group has gained from these experiments in public control and that all participants would gain from complete deregulation. Although losses have declined with partial deregulation in recent years, current regulatory practices still limit the growth of supply through the transmission system. MacAvoy’s history of the regulation of natural gas is a cautionary tale for other natural resource or network industries that are regulated or are about to be regulated. /DIV
Author: Nai-chiang Chou
Publisher:
ISBN:
Category : Gas industry
Languages : en
Pages : 414
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Book Description
Author: Pun-Lee Lam
Publisher: Chinese University Press
ISBN: 9789622019065
Category : Business & Economics
Languages : en
Pages : 140
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Book Description
Over the past decade, the gas industries of many countries have undergone substantial change. Gas utilities have been corporatized or privatized, and competition has replaced monopoly. Despite this current of liberalization, Hong Kong's gas industry is still dominated by one company with limited competition from other fuel suppliers. This study reviews the liberalization of the gas industries in the United States, United Kingdom, Australia, New Zealand, Japan, South Korea and Taiwan. Although the industry, ownership, and regulatory structure in Hong Kong may not be the same as in those countries and areas, the authors believe lessons can be learned from their experiences.
Author: Edward C. Gallick
Publisher: Praeger
ISBN:
Category : Business & Economics
Languages : en
Pages : 312
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Book Description
This work considers the potential effects of competition in the natural gas pipeline industry. Contrary to published studies and government reports, this study concludes that federal regulation in the industry is no longer necessary to limit the market power of current pipeline suppliers. Rather, potential entry by nearby suppliers--a competitive factor largely ignored in most economic analyses--will promote competition in most major markets. The purpose of the work is two-fold: to quantify the competitive effect of potential market entry by natural gas suppliers; and to demonstrate that any industry analysis which fails to consider this competitive factor is likely to be in error. This compilation and analysis of market-by-market data on current deliveries by pipeline, location of nearby deliveries, and location of nearby pipelines which make no deliveries will be of interest to scholars, policymakers, and industry analysts concerned with competitive, antitrust, and regulatory issues.
Author: Paul W. MacAvoy
Publisher: World Scientific
ISBN: 9812770356
Category : Business & Economics
Languages : en
Pages : 220
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Book Description
This book offers the first set of quantitative analyses of the results of deregulation of the gas wellhead process coupled with partial deregulation of pipeline transportation and product storage. This complex process OCo which involves taking pipelines out of the field markets as product purchasers, and creating spot gas and pipeline space markets OCo has changed the nature and extent of services for gas at the burner tip, and the level as well as volatility of prices for these services. Using econometric tools of analysis, the authors concentrating on these changes uncover surprising findings in contrast to what regulatory reform was supposed to accomplish. Sample Chapter(s). Chapter 1: Introduction (62 KB). Contents: Quantitative Study Number One: Regional Markets for Gas Transmission Services (V Marmer & D Shapiro); Quantitative Study Number Two: Competition Among the Few in the Natural Gas Pipelines Industry After Partial Deregulation (N Moshkin); Quantitative Study Number Three: The Basis Differentials as a Measure of Performance in Partially Deregulated Pipeline Transportation Markets (P W MacAvoy); Quantitative Study Number Four: Profitability of Natural Gas Storage Resulting from Federal Deregulation (N Moshkin); Quantitative Study Number Five: Revising the Model of Gas Wellhead Prices and Quantities for Deregulation (P W MacAvoy & V Marmer). Readership: Advanced undergraduate and graduate studies in energy pricing, supply and policy. Professionals will find the book useful for methodology and findings of fact.
