Natural Gas Networks Performance after Partial Deregulation : Five Quantitative Studies
Key Features:Demonstrates use of hypothesis testing in economics, using industry data and regression analysis to find "facts" on market performance in markets subject to regulatory changeFocuses on possible tests to undertake with commonly available industry and governmental agency data. As such, provides a model for research to be undertaken by MBA and doctoral graduate students in energy industry performance and policyTesting and measuring are undertaken within the context of economic models of markets of few firms (i.e. oligopoly markets) that are widely prevalent in the United States and Europe. There is currently a very limited attempt to extend analysis to game theoretic structures, which have proved mostly nonoperational at this level.