New horizons in natural gas deregulation
Author(s)
Bibliographic Information
New horizons in natural gas deregulation
Praeger, 1996
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Note
Papers presented at a conference held on March 4, 1993
Includes bibliographical references (p. [239]-248) and index
Description and Table of Contents
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.
Table of Contents
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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