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 Identifiers
Publisher
Lap Lambert Academic Publishing
ISBN-13
9783846525173
eBay Product ID (ePID)
190494428
Product Key Features
Author
Garret Kent Fellows
Publication Name
Negotiated Settlements in the Pipeline Services Market
Format
Paperback
Language
English
Subject
Government, Business
Publication Year
2011
Type
Textbook
Number of Pages
160 Pages
Dimensions
Item Height
229mm
Item Width
152mm
Item Weight
245g
Additional Product Features
Title_Author
Garret Kent Fellows
Country/Region of Manufacture
Germany
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