Vertical Market Arrangements, Risk-Shifting, and Natural Gas Pipeline Regulation (Classic Reprint) - Couverture souple

Paul R. Carpenter

9781332286478: Vertical Market Arrangements, Risk-Shifting, and Natural Gas Pipeline Regulation (Classic Reprint)

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ISBN 10 : 133228647X ISBN 13 : 9781332286478

Editeur : Forgotten Books, 2019

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�diteur: Forgotten Books
Date d'�dition: 2019
Langue: anglais
ISBN 10: 133228647X
ISBN 13: 9781332286478
Reliure: Broch�
Nombre de pages: 51
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Vertical Market Arrangements, Risk-Shifting (Classic Reprint)

Paul R. Carpenter

Edit� par Forgotten Books, 2024

ISBN 10 : 133228647X ISBN 13 : 9781332286478

Neuf Paperback

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Vendeur : Forgotten Books, London, Royaume-Uni

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Paperback. Etat : New. Print on Demand. This book analyzes the natural gas market, focusing particularly on the relationship between vertically integrated market arrangements, risk-shifting, and the regulatory framework. The author argues that the process of decontrolling wellhead prices, begun by the Natural Gas Policy Act of 1978, has led to significant changes in the nature of the business of producing, transporting, and distributing natural gas and that these changes have prompted gas pipeline companies to engage in risk-shifting behaviors. The author examines the different vertical market arrangements and explains how these vertical market arrangements can be used by the regulated pipelines to shift risks to the unregulated producers. The book provides a conceptual basis for this connection and presents an empirical analysis of the effect, which supports the risk-shifting explanation of the observed changes in vertical market arrangements. The author's analysis provides critical insights into the changing nature of the gas industry and the implications for regulatory policy. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. N� de r�f. du vendeur 9781332286478_0

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