Topic: Current Events and Issues / Business

 
The Emerging New Order in Natural Gas
Markets versus Regulation
Arthur S. De Vany, David Walls
000-0-00000-000-0

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Arthur S. De Vany, David Walls
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The Emerging New Order in Natural Gas

Markets versus Regulation

Arthur S. De Vany, David Walls Arthur S. De Vany, David Walls


May 1995

Praeger

Cover
Pages
Volumes
Size
Hardcover
152
1
6 1/8x9 1/4
 
ISBN
978-0-89930-944-6
Print in Stock
$96.95

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The changes under way in natural gas are precursors for deregulation and market-driven systems in other industries, such as electricity, oil, airports, airlines, banks, trucking, shipping, railroad, commodity exchanges, and telecommunications.

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.
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
Endorsements
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.—William J. Baumol, director C.V. Starr Center for Applied Economics New York University

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.—Robert L. Bradley, Jr., president Institute for Energy Research