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The Emerging New Order in Natural Gas Markets versus Regulation
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Book Code: Q944
ISBN: 0-89930-944-5
ISBN-13: 978-0-89930-944-6
152 pages, figures, photographs
Quorum Books
Publication: 5/30/1995
List Price: $96.95 (UK Sterling Price: £54.95)
Availability: Out of stock
Media Type: Hardcover
Trim Size: 6 1/8 x 9 1/4
Subjects: Reviews:
  • This book...focuses on changes in the natural gas industry from 1987 through 1991, the relaxing of regulatory rules, and the formation of a network industry, which, when allowed to, can act in a competitive manner....The authors test the extent to which markets have evolved under open access by focusing on field, city gate, hub, and futures markets. Based on their findings, a numer of conclusions and policy implications are offered....an innovative approach for analyzing transmission industries.

    Journal of Economic Literature
  • Endorsement From William J. Baumol, director
    C.V. Starr Center for Applied Economics
    New York University:
    An illuminating work showing how the public can benefit by ingenious use of the market mechanism to replace government regulation. At a time when regulatory arrangements in natural gas, electricity, and telecommunications are in upheaval the study contributes understanding of the issues as well as promising guides for policy.
  • Endorsement From Robert L. Bradley, Jr., president
    Institute for Energy Research:
    The public policy implications of this book are profound. What has happened with natural gas can now happen with electricity--an industry three times as large. This rigorous case study...proves once again--consumers are resourceful, entrepreneurs are alert, and markets work.
Description: Since 1984, relaxed federal guidelines have allowed the natural gas industry to become far more flexible and competitive. Once gas pipelines were given the option of "open access," the barriers to markets and competition dissolved. The success of open access points to the emergence and evolution of a fluid and informationally rich network of regional markets that form today's single national market for natural gas. A broad range of specialists and academics in economics, regulatory economics and economic modeling, industrial organization, and energy and natural resources will find the implications of this work important reading.
Table of Contents:
  • Preface
  • The Emergence of Markets
  • The Transformation of Natural Gas
  • Regulation versus Markets
  • Crisis and the Emergence of Markets
  • The Evolution of Markets
  • Markets and Networks
  • Markets in the Producing Areas
  • City Gates
  • Gas Prices and the Futures Market
  • Competitive Institutions for Networks
  • Assessing Competitiveness
  • Policy
  • Accessibility Matrices
  • Bibliography
  • Index
LC Card Number: 94-46198
LCC Class: HD9581
Dewey Class: 338.2
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