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...

Intro -- Contents -- List of Figures -- List of Tables -- Preface -- 1 An Introduction to Regulation and the Performance of Gas Markets -- 2 A Model of Natural Gas Market Wellhead Prices and Quantities -- 3 The Regulation of Gas Field Contracts and the Resulting Gains and Losses from Market...