dc.contributor.author | DE MEIO REGGIANI, Martin C. | |
dc.contributor.author | VAZQUEZ, Miguel | |
dc.contributor.author | HALLACK, Michelle | |
dc.contributor.author | BRIGNOLE, Nelida B. | |
dc.date.accessioned | 2020-02-10T16:07:51Z | |
dc.date.available | 2020-02-10T16:07:51Z | |
dc.date.issued | 2019 | |
dc.identifier.citation | Energy economics, 2019, Vol. 84, (Art. UNSP 104518), OnlineOnly | en |
dc.identifier.issn | 0140-9883 | |
dc.identifier.issn | 1873-6181 | |
dc.identifier.other | UNSP 104518 | |
dc.identifier.uri | https://hdl.handle.net/1814/66031 | |
dc.description | Available online 9 October 2019 | en |
dc.description.abstract | Regulation is generally interpreted as a relational contract between governments and private companies. Besides, regulation plays either a positive or a negative role in infrastructure development. This article is intended to understand the hindrance to stable policies in the regulation of network infrastructures. An original model where governments have a conflictive relationship with regulated companies was developed. The governmental opportunistic behaviour, which undermines the regulatory independence, was introduced in an infinitely repeated game. By including this variation, the hold-up problem can be modelled since a time inconsistency may occur. The model was illustrated using past-decade events about the Argentinean transport network of natural gas, proposing a possible reason for the triggering of a sustained hold-up. (C) 2019 Elsevier B.V. All rights reserved. | en |
dc.description.sponsorship | Agencia Nacional de Promocion Cientifica y Tecnologica (ANPCyT, Ministry of Education, Science and Technology, Argentina) through Fondo para la Investigacion Cientifica y Tecnologica (FONCyT) [PICT 2012-0691] | en |
dc.language.iso | en | |
dc.publisher | Elsevier | en |
dc.relation.ispartof | Energy economics | en |
dc.subject | Regulation | en |
dc.subject | Hold-Up | en |
dc.subject | Natural gas transport | en |
dc.title | The role of governmental commitment on regulated utilities | en |
dc.type | Article | |
dc.identifier.doi | 10.1016/j.eneco.2019.104518 | |
dc.identifier.volume | 84 | |
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