OPEN ACCESS AND THE EMERGENCE OF A COMPETITIVE NATURAL-GAS MARKET

被引：23

作者：

DEVANY, A ^{[1
]}

WALLS, WD ^{[1
]}

机构：

[1] UNIV HONG KONG,SCH ECON & FINANCE,HONG KONG,HONG KONG

来源：

CONTEMPORARY ECONOMIC POLICY | 1994年 / 12卷 / 02期

关键词：

D O I：

10.1111/j.1465-7287.1994.tb00425.x

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

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.

引用

页码：77 / 96

页数：20