Rosellon, Juan; Brito, Dagobert L. - Centro de Investigación y Docencia Económicas (CIDE) - 2008
. As a result, the price of natural gas in Texas now reflects the quasi-rents created by these bottlenecks. This paper … addresses the optimality of the netback rule when the price of gas at the Texas market reflects the quasi-rents created by … though the Texas market cannot be considered a competitive market, and the Texas price for natural gas reflects quasi-rents …