The Natural Gas Market

Sixty Years of Regulation and Deregulation

Paul W. MacAvoy

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Hardback

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English

Yale University Press
11 January 2001

Central government policies; Microeconomics; Gas industries; Energy & natural resources law

Over the past six decades federal regulatory agencies have attempted different strategies to regulate the natural gas industry in the United States. All have been unsuccessful, resulting in nationwide gas shortages or massive gas surpluses and costing the nation scores of billions of dollars. In addition, partial deregulation has led the regulatory agency to become more involved in controlling individual transactions among gas producers, distributors, and consumers.

In this important book, Paul MacAvoy demonstrates that no affected group has gained from these experiments in public control and that all participants would gain from complete deregulation. Although losses have declined with partial deregulation in recent years, current regulatory practices still limit the growth of supply through the transmission system. MacAvoy's history of the regulation of natural gas is a cautionary tale for other natural resource or network industries that are regulated or are about to be regulated.

By: Paul W. MacAvoy
Imprint: Yale University Press
Country of Publication: United States
Dimensions: Height: 235mm, Width: 156mm, Spine: 2mm
Weight: 404g
ISBN: 9780300083811
ISBN 10: 0300083815
Pages: 160
Publication Date: 11 January 2001
Audience: College/higher education , Professional and scholarly , Professional & Vocational , A / AS level , Further / Higher Education
Format: Hardback
Publisher's Status: Active

Paul W. MacAvoy is Williams Brothers Professor of Management Studies and former dean of the School of Management, Yale University.