Vertical Market Arrangements, Risk-Shifting (Classic Reprint)
Language: English
Published by Forgotten Books, 2024
- Softcover
- New
Seller: Forgotten Books, London, United KingdomForgotten Books
AbeBooks seller since June 2, 2021
Condition: New
£ 13.63
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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.…
Seller Inventory # 9781332286478_0
- Title
- Vertical Market Arrangements, Risk-Shifting (Classic Reprint)
- Author
- Paul R. Carpenter
- Publisher
- Forgotten Books
- Publication year
- 2024
- Condition
- New
- Book Type
- print-on-demand item
- Binding
- Paperback
- Language
- English
- ISBN 10
- 133228647X
- ISBN 13
- 9781332286478
- Seller catalogs
- Economics
While it is not the purpose of this paper to provide a complete analysis of the merits of each of these regulatory alternatives, it does analyze the changing nature of vertical market arrangements in the gas industry in the context of the current regulatory system. In the consideration of any regulatory alternative for the gas industry, the behavior of pipelines under the current regulatory system should be understood.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
"Synopsis" may belong to another edition of this title.
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Forgotten Books’ Classic Reprint Series utilizes the latest technology to regenerate facsimiles of historically important writings. Careful attention has been made to accurately preserve the original format of each page whilst digitally enhancing the quality of the aged text.
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Forgotten Books publishes hundreds of thousands of rare and classic books.
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
This text has been digitally restored from a historical edition. Some errors may persist, however we consider it worth publishing due to the work's historical value.
The digital edition of all books may be viewed before purchase if you request a sample.
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