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REGULATORY REFORM OF INTERSTATE NATURAL GAS PIPELINES
Author(s) -
LEMON J. RODNEY
Publication year - 1986
Publication title -
contemporary economic policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.454
H-Index - 49
eISSN - 1465-7287
pISSN - 1074-3529
DOI - 10.1111/j.1465-7287.1986.tb00860.x
Subject(s) - natural gas , competition (biology) , economics , pipeline transport , pipeline (software) , natural resource economics , international economics , business , public economics , engineering , mechanical engineering , ecology , environmental engineering , biology , waste management
This paper assesses the historic nature of regulation of the interstate natural gas pipeline industry and examines two recently proposed reforms, “mandatory” contract carriage and open entry. Empirical evidence that bears on the desirability of each of these reforms is cited or developed. It is argued that the reforms increase competition in gas transportation, thereby diminishing the need for traditional regulation, and that they increase economic efficiency in the transport of natural gas.