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

by Edward C. Gallick

Overview

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.

Product Details

ISBN-13:	9780275943462
Publisher:	Bloomsbury Academic
Publication date:	01/30/1993
Pages:	304
Product dimensions:	6.14(w) x 9.21(h) x 0.69(d)
Lexile:	1600L (what's this?)

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.

Table of Contents

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

What People are Saying About This

Arlon R. Tussing President Arlon R. Tussing & Associates

Dr. Gallick has produced a thoughtful and well-designed study that corrects the major deficiencies in previous empirical studies of this topic, and in doing so, reaches compelling conclusions that directly contradict the prior works.

Editorial Reviews

The book is well organized and written. Five appendixes supply statistics and names of markets and pipelines. Advanced undergraduate through professional.” —Choice

From the Publisher