Résumé
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
Langue d'origine | English |
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Pages (de-à) | 71-79 |
Nombre de pages | 9 |
Journal | Journal of Industrial Economics |
Volume | 35 |
Numéro de publication | 1 |
DOI | |
Statut de publication | Published - 1986 |
ASJC Scopus Subject Areas
- Accounting
- General Business,Management and Accounting
- Economics and Econometrics