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Economic determinants of deregulation in the gas distribution market

Title
Economic determinants of deregulation in the gas distribution market
Authors
Hlasny V.
Ewha Authors
Vladimir Hlasny
SCOPUS Author ID
Vladimir Hlasnyscopus
Issue Date
2011
Journal Title
Journal of Economic Policy Reform
ISSN
1748-7870JCR Link
Citation
vol. 14, no. 3, pp. 201 - 213
Indexed
SSCI; SCOPUS WOS scopus
Abstract
Many state public commissions have deregulated their utility markets. However, evidence of welfare or efficiency improvements under deregulation is ambiguous. It is also unclear why different states adopt consumer choice, price caps, sliding-scale plans, or retain rate-of-return regulation. This study evaluates several economic factors behind deregulation in gas distribution markets using a survey of state commissions. Logistic and hazard models show that utilities' prices and capacity, and states' stock of own gas wells, prices of competing fuels and the regulatory climate, help explain the pattern of deregulation. Demonstration effects from surrounding markets also contribute. These factors make the propensity to use price caps versus restructuring vary regionally. © 2011 Taylor & Francis.
DOI
10.1080/17487870.2011.570089
Appears in Collections:
사회과학대학 > 경제학전공 > Journal papers
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