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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.…mehr
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.
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Autorenporträt
JERRY ELLIG is Assistant Professor of Economics at George Mason University's Program on Social and Organizational Learning and Associate Director of the Center for Market Processes. Prior to joining the faculty at George Mason, he served as Research Director at Citizens for a Sound Economy Foundation in Washington, DC. He has authored numerous articles in journals such as the Antitrust Bulletin, Journal of Regulatory Economies, Transportation Law Journal, and Contemporary Policy Issues, and is coauthor of Municipal Entrepreneurship and Energy Policy (1994). JOSEPH P. KALT is Ford Foundation Professor in International Political Economy at the John F. Kennedy School of Government, Harvard University. He has served as codirector of the Harvard Study on the Future of Natural Gas Policy and on the staff of the President's Council of Economic Advisers. He is the author of Drawing the Line on Natural Gas Regulation (Quorum Books, 1987), The Economics and Politics of Oil Price Regulation (1981), and coauthor of Petroleum Price Regulation (1979).
Inhaltsangabe
Foreword Introduction: The New World Gas Regulation by Jerry Ellig and Joseph P. Kalt The Historical Perspective The Distortions and Dynamics of Gas Regulation by Robert L. Bradley, Jr. Deregulation or Regulatory Change? by Michael A. Crew The Open Access Debate The Uneasy Case of Mandatory Contract Carriage in the Natural Gas Industry by David J. Teece In Defense of Open Access by Ronald N. Lafferty and Richard P. O'Neill Dynamic Efficiency and Regulatory Reform Intrastate Pipeline Regulation: Lessons from the Texas Experience by Jerry Ellig Texas Pipelines and Federal Regulation by J. Rodney Lemon New Transactions in the Gas Market The Expanding Domain of the Nonjurisdictional Gas Industry by Catherine G. Abbott Reducing Risk, Shifting Risk, and Concealing Risk: Why Are There Long-Term Gas Contracts? by Robert J. Michaels Incentive Regulation Incentive Regulation for Natural Gas Pipelines: A Positive Step in Rate Design by Adam B. Jaffe and Joseph P. Kalt The Future of Incentive Ratemaking by Kenneth W. Costello When is Competition Workable? The Scope of Deregulation for Natural Gas Pipelines and the `Workable Competition' Standard by Dan Alger Market Structure, Measurements, and Deregulation by Wayne T. Brough Private Contracting and Regulation A Brave New World: Private Contracting as a Regulatory Alternative by Arthur De Vany Regulatory Reform, the Regulatory Compact, Contracting, and All That by Richard A. Bilas Bibliography Index
Foreword Introduction: The New World Gas Regulation by Jerry Ellig and Joseph P. Kalt The Historical Perspective The Distortions and Dynamics of Gas Regulation by Robert L. Bradley, Jr. Deregulation or Regulatory Change? by Michael A. Crew The Open Access Debate The Uneasy Case of Mandatory Contract Carriage in the Natural Gas Industry by David J. Teece In Defense of Open Access by Ronald N. Lafferty and Richard P. O'Neill Dynamic Efficiency and Regulatory Reform Intrastate Pipeline Regulation: Lessons from the Texas Experience by Jerry Ellig Texas Pipelines and Federal Regulation by J. Rodney Lemon New Transactions in the Gas Market The Expanding Domain of the Nonjurisdictional Gas Industry by Catherine G. Abbott Reducing Risk, Shifting Risk, and Concealing Risk: Why Are There Long-Term Gas Contracts? by Robert J. Michaels Incentive Regulation Incentive Regulation for Natural Gas Pipelines: A Positive Step in Rate Design by Adam B. Jaffe and Joseph P. Kalt The Future of Incentive Ratemaking by Kenneth W. Costello When is Competition Workable? The Scope of Deregulation for Natural Gas Pipelines and the `Workable Competition' Standard by Dan Alger Market Structure, Measurements, and Deregulation by Wayne T. Brough Private Contracting and Regulation A Brave New World: Private Contracting as a Regulatory Alternative by Arthur De Vany Regulatory Reform, the Regulatory Compact, Contracting, and All That by Richard A. Bilas Bibliography Index
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