English, Article edition: OPEN ACCESS AND THE EMERGENCE OF A COMPETITIVE NATURAL GAS MARKET ARTHUR DE VANY; W. DAVID WALLS

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Bookmark: http://trove.nla.gov.au/version/184425
Physical Description
  • article
Language
  • English

Edition details

Title
  • OPEN ACCESS AND THE EMERGENCE OF A COMPETITIVE NATURAL GAS MARKET
Author
  • ARTHUR DE VANY
  • W. DAVID WALLS
Physical Description
  • article
Notes
  • Recent regulatory changes permitted natural gas pipelines to become "open access" transporters. This change in pipeline carrier status dissolved regulatory barriers to markets. This paper describes the institutions that were developed to support exchange in gas markets and observes and evaluates their emergence, evolution, and performance. The institutional and empirical evidence reveals that gas markets rapidly emerged with the dissolution of regulatory barriers. Spot gas prices converged and became highly correlated. A national market for natural gas developed within four years. Copyright 1994 Western Economic Association International.
  • RePEc:bla:coecpo:v:12:y:1994:i:2:p:77-96
Language
  • English
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