The Impact of Who Decides the Rules for Network Use: A 'common pool' analysis of the investment dynamics in different gas network regulatory frames

DSpace/Manakin Repository

Show simple item record

dc.contributor.author HALLACK, Michelle
dc.contributor.author VAZQUEZ, Miguel
dc.date.accessioned 2012-09-25T09:10:16Z
dc.date.available 2012-09-25T09:10:16Z
dc.date.issued 2012
dc.identifier.issn 1028-3625
dc.identifier.uri http://hdl.handle.net/1814/23928
dc.description.abstract The liberalization of the natural gas industry has been based on the idea that infrastructure may be used by different gas owners. Different players using the same resources can give raise to ‘commons dilemmas’, which are defined by a conflict between individual rationality and group rationality. To avoid 'commons' inefficiencies, solutions are to establish rules that constrain the players’ use of the network. In order to manage efficiently these situations, 'common pool' agreements can be established either through external authority or by the users themselves. In gas industries both can be found in practice. Public gas regulators can play the role of external authority in some countries, whereas in some other, the infrastructure rules are designed and implemented by the users themselves through players’ agreements. Based on a simple game theoretical model, we compare the economics properties of the ‘EU common carriage’ and the ‘US contract carriage’ systems in term of static and dynamic efficiency. Our analysis allows us to identify missing economic signals in the EU regulatory framework both for static and dynamic efficiency. en
dc.language.iso en en
dc.relation.ispartofseries EUI RSCAS en
dc.relation.ispartofseries 2012/52 en
dc.relation.ispartofseries Loyola de Palacio Programme on Energy Policy en
dc.subject Common-pool resources en
dc.subject gas network use en
dc.subject property rights en
dc.subject carriage system en
dc.title The Impact of Who Decides the Rules for Network Use: A 'common pool' analysis of the investment dynamics in different gas network regulatory frames en
dc.type Working Paper en


Files in this item

This item appears in the following Collection(s)

Show simple item record