Competition in the Natural Gas Pipeline Industry - An Economic Policy Analysis

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.

List of contents

Introduction
The Natural Gas Industry
The Methodology
The Short Run
The Intermediate Run
The Long Run
The Policy Choice
Appendixes
Index

About the author

Edward C. Gallick is director of the Division of Competition Analysis, Office of Economic Policy, Federal Energy Regulatory Commission. Previously, he served as a deputy assistant director and senior economist at the Federal Trade Commission. He holds a PhD from the University of California at Los Angeles.

Product details

• Authors: Edward C. Gallick, Gallick Edward C., Edward C. Gallock
• Publisher: Bloomsbury
• Languages: English
• Product format: Hardback
• Released: 30.01.1993
• EAN: 9780275943462
• ISBN: 978-0-275-94346-2
• Subjects: Guides > Motor vehicles, aircraft, ships, space travel; Social sciences, law, business > Business > Individual industrial sectors, branches; BUSINESS & ECONOMICS / Economics / Microeconomics, BUSINESS & ECONOMICS / Industries / Energy, Business competition, Microeconomics, Energy industries and utilities, ECONOMICS: POLICY, Gas industries