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Negotiated Settlements in the Pipeline Services Market

 

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  • Product Description
 

The movement from traditional regulatory hearings to negotiated settlements represents both a departure from cost of service regulation and a relaxation of regulatory oversight in the regulation of oil and gas pipeline tolls. Under negotiated settlements pipelines and shippers are able to renegotiate inclusions in their cost of service while simultaneously creating a profit margin for the pipeline where none existed under the cost of service outcome of a traditional hearing. Predicated on the observed preference of pipelines and shippers for negotiated settlements; most of the existing literature assumes that these settlements represent increased efficiency over hearings. Various claims have been made as to why negotiated settlements are more efficient than hearings but little attention is paid to other elements that affect the preferences of those affected. This volume presents an overview of the current hypothesized efficiencies from settlement outcomes and constructs a new model to illustrate the existence of positive non-efficiency gains to pipeline and shipper from the re-allocation of expenses through time.

Product Specifications
SKU :COC69932
AuthorGarret Kent Fellows
LanguageEnglish
BindingPaperback
Number of Pages160
Publishing Year2011-10-20T00:00:00.000
ISBN978-3846525173
Edition1 st
Book TypeEconomics
Country of ManufactureIndia
Product BrandLAP LAMBERT Academic Publishing
Product Packaging InfoBox
In The Box1 Piece
Product First Available On ClickOnCare.com2015-07-08 00:00:00