Investment in transport capacity and regulation of regional monopolies in natural gas commodity markets
This paper develops a model of the regulator-regulated firm relationship in a regional natural gas commodity market which can be linked to a competitive market by a pipeline. We characterize normative policies under which the regulator, in addition to setting the level of the capacity of the pipelin...
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Universidad del Rosario
2012
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Acceso en línea: | http://repository.urosario.edu.co/handle/10336/10966 |
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ir-10336-109662019-09-19T12:37:01Z Investment in transport capacity and regulation of regional monopolies in natural gas commodity markets Gasmi, Farid Oviedo, Juan Derechos civiles & políticos Gas natural -- legislación Análisis del mercado::Precio Gas natural::Investigaciones Natural gas Regulation Transport capacity This paper develops a model of the regulator-regulated firm relationship in a regional natural gas commodity market which can be linked to a competitive market by a pipeline. We characterize normative policies under which the regulator, in addition to setting the level of the capacity of the pipeline, regulates the price of gas, under asymmetric information on the firm’s technology, and may (or may not) operate (two-way) transfers between consumers and the firm. We then focus on capacity and investigate how its level responds to the regulator’s taking account of the firm’s incentive compatibility constraints. The analysis yields some insights on the role that transport capacity investments may play as an instrument to improve the efficiency of geographically isolated markets. 2012-10 2015-10-06T12:22:23Z info:eu-repo/semantics/workingPaper info:eu-repo/semantics/acceptedVersion http://repository.urosario.edu.co/handle/10336/10966 spa info:eu-repo/semantics/openAccess application/pdf Universidad del Rosario Facultad de Economía instname:Universidad del Rosario reponame:Repositorio Institucional EdocUR instname:Universidad del Rosario |
institution |
EdocUR - Universidad del Rosario |
collection |
DSpace |
language |
Español (Spanish) |
topic |
Derechos civiles & políticos Gas natural -- legislación Análisis del mercado::Precio Gas natural::Investigaciones Natural gas Regulation Transport capacity |
spellingShingle |
Derechos civiles & políticos Gas natural -- legislación Análisis del mercado::Precio Gas natural::Investigaciones Natural gas Regulation Transport capacity Gasmi, Farid Oviedo, Juan Investment in transport capacity and regulation of regional monopolies in natural gas commodity markets |
description |
This paper develops a model of the regulator-regulated firm relationship in a regional natural gas commodity market which can be linked to a competitive market by a pipeline. We characterize normative policies under which the regulator, in addition to setting the level of the capacity of the pipeline, regulates the price of gas, under asymmetric information on the firm’s technology, and may (or may not) operate (two-way) transfers between consumers and the firm. We then focus on capacity and investigate how its level responds to the regulator’s taking account of the firm’s incentive compatibility constraints. The analysis yields some insights on the role that transport capacity investments may play as an instrument to improve the efficiency of geographically isolated markets. |
format |
Documento de trabajo (Working Paper) |
author |
Gasmi, Farid Oviedo, Juan |
author_facet |
Gasmi, Farid Oviedo, Juan |
author_sort |
Gasmi, Farid |
title |
Investment in transport capacity and regulation of regional monopolies in natural gas commodity markets |
title_short |
Investment in transport capacity and regulation of regional monopolies in natural gas commodity markets |
title_full |
Investment in transport capacity and regulation of regional monopolies in natural gas commodity markets |
title_fullStr |
Investment in transport capacity and regulation of regional monopolies in natural gas commodity markets |
title_full_unstemmed |
Investment in transport capacity and regulation of regional monopolies in natural gas commodity markets |
title_sort |
investment in transport capacity and regulation of regional monopolies in natural gas commodity markets |
publisher |
Universidad del Rosario |
publishDate |
2012 |
url |
http://repository.urosario.edu.co/handle/10336/10966 |
_version_ |
1645142119807975424 |
score |
12,131701 |