Abstract
Addresses the recent experience of the US natural gas industry with contracting and regulation between producers and pipelines. Develops a model of contracting between a single buyer and seller, emphasizing the determination of price and minimum-purchase provisions. Finds that take-or-pay provisions are likely to emerge in regulated and unregulated markets characterized by uncertainty, but that phased deregulation may well exacerbate the problem of contract adjustment. -from Authors
| Original language | English |
|---|---|
| Pages (from-to) | 71-79 |
| Number of pages | 9 |
| Journal | Journal of Industrial Economics |
| Volume | 35 |
| Issue number | 1 |
| DOIs | |
| Publication status | Published - 1986 |
ASJC Scopus Subject Areas
- Accounting
- General Business,Management and Accounting
- Economics and Econometrics