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

(Hardback)

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This work considers the potential effects of competition in the natural gas pipeline industry. Contrary to published government reports, the study concludes that federal regulation in the industry is no longer necessary to limit the 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 previous industry analyses, which fail to consider these competitive effects, are likely to be in error. This compilation and analysis of market-by-market data on deliveries by pipeline, location of nearby deliveries, and location of nearby pipelines which make no deliveries, should be of interest to scholars, policymakers and industry analysts concerned with the natural gas industry and its regulation.

Reviews

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

Author Bio

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.