LEADER 05566nam 2200685Ia 450 001 9910450834403321 005 20200520144314.0 010 $a1-281-91154-2 010 $a9786611911546 010 $a981-277-035-6 035 $a(CKB)1000000000405777 035 $a(EBL)1679737 035 $a(OCoLC)879024015 035 $a(SSID)ssj0000208602 035 $a(PQKBManifestationID)11201259 035 $a(PQKBTitleCode)TC0000208602 035 $a(PQKBWorkID)10243699 035 $a(PQKB)10238770 035 $a(MiAaPQ)EBC1679737 035 $a(WSP)00006534 035 $a(Au-PeEL)EBL1679737 035 $a(CaPaEBR)ebr10256009 035 $a(CaONFJC)MIL191154 035 $a(EXLCZ)991000000000405777 100 $a20070821d2007 uy 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 00$aNatural gas networks performance after partial deregulation$b[electronic resource] $efive quantitative studies /$fPaul MacAvoy ... [et al.] 210 $aSingapore ;$aHackensack $cWorld Scientific$d2007 215 $a1 online resource (220 p.) 225 1 $aWorld scientific series on energy and resource economics 300 $aDescription based upon print version of record. 311 $a981-270-860-X 320 $aIncludes bibliographical references and index. 327 $a""Contents""; ""Preface""; ""1 Introduction""; ""2 Quantitative Study Number One: Regional Markets for Gas Transmission Services""; ""2.1. Introduction""; ""2.2. Methodology and Data Description""; ""2.2.1. Methodology""; ""2.2.2. Data description""; ""2.3. Results""; ""2.3.1. Co-integration""; ""2.3.2. Short-run (impulse response) analysis""; ""2.4. Conclusion""; ""2.5. Appendix: Unit Root Test""; ""References""; ""3 Quantitative Study Number Two: Competition Among the few in the Natural Gas Pipelines Industry After Partial Deregulation""; ""3.1. Data Description"" 327 $a""3.2. Traditional Econometric Tests""""3.2.1. Reduced form regressions""; ""3.2.2. Basis differentials in prices""; ""3.3. An Integrated Demand/Supply Model""; ""3.3.1. Conjectural variation""; ""3.3.2. Structural system of simultaneous equations""; ""3.3.3. Estimation methodology""; ""3.4. Structural Estimation Results""; ""3.4.1. Estimated elasticities""; ""3.5. Evaluations of the Past and Future Policies""; ""3.5.1. The welfare effects of the Orders 636 et al.""; ""3.5.2. The market impact of a proposed Alaska pipeline into the Mid-North American region""; ""3.6. Conclusions"" 327 $a""3.6.1. Summary and applications""""3.7. Appendix""; ""3.7.1. Data transformation example""; ""4 Quantitative Study Number Three: The Basis Differentials as a Measure of Performance in Partially Deregulated Pipeline Transportation Markets""; ""4.1. Methodology""; ""4.2. Observations""; ""4.3. Basis Differential Spikes by Hub and Spoke Networks""; ""4.4. Pipeline Basis Differential Performance in the Midwest and Western Transportation Markets""; ""4.5. Basis Differentials and Pipeline Throughput"" 327 $a""5 Quantitative Study Number Four: Probability of natural gas storage resulting from federal deregulation""""5.1. Models""; ""5.1.1. Model 1: Single supplier of transportation owns all storage""; ""5.1.2. Model 2: Single transportation service supplier and single source of storage are operated by two separate owners""; ""5.1.3. Model 3: Storage in the presence of competitive supply of gas plus transportation""; ""5.1.4. Model 4: Single merchant service supply in the presence of competitive storage""; ""5.1.5. Model 5: Perfectly competitive merchant supply and storage"" 327 $a""5.1.6. Comparison of the various models""""5.2. Empirical Tests""; ""5.2.1. Change in differences between winter and summer gas prices""; ""5.2.2. Changes in winter prices""; ""5.2.3. Changes in summer prices""; ""5.2.4. Changes in transportation prices""; ""5.2.5. Changes in storage quantity variations""; ""5.3. Conclusions""; ""6 Quantitative Study Number Five: Revising the model of gas wellhead prices and quantities for deregulation""; ""6.1. Estimation of Demand""; ""6.1.1. Equations""; ""6.1.2. Estimated equations""; ""6.2. Estimation of Supply Equations""; ""Index"" 330 $aThis book offers the first set of quantitative analyses of the results of deregulation of the gas wellhead process coupled with partial deregulation of pipeline transportation and product storage. This complex process - which involves taking pipelines out of the field markets as product purchasers, and creating spot gas and pipeline space markets - has changed the nature and extent of services for gas at the burner tip, and the level as well as volatility of prices for these services. Using econometric tools of analysis, the authors concentrating on these changes uncover surprising findings 410 0$aWorld Scientific series on energy and resource economics. 606 $aGas industry$xDeregulation$zNorth America 606 $aGas industry$xCapital productivity$zNorth America 606 $aNatural gas$xPrices$zNorth America 608 $aElectronic books. 615 0$aGas industry$xDeregulation 615 0$aGas industry$xCapital productivity 615 0$aNatural gas$xPrices 676 $a338.27285 701 $aMacAvoy$b Paul W$0121412 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910450834403321 996 $aNatural gas networks performance after partial deregulation$92241322 997 $aUNINA