Regulation, Open-Access Transportation, and Productive Efficiency

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Date: May 2000
From: Review of Industrial Organization(Vol. 16, Issue 3)
Publisher: Springer
Document Type: Author abstract
Length: 107 words

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Abstract :

Byline: Gerald Granderson (1) Keywords: Efficiency; open-access transportation; regulation Abstract: This paper examines the initial impact of open-accesstransportation on firm efficiency. Under open-accesstransportation, firms provide transportation servicefor a general class of customers on anon-discriminatory basis. Open-access transportationmay enhance competition among firms, and lead toincreases in firm efficiency as well as lower prices forconsumers. The transportation program's impact onproductive efficiency is tested using a 1977--1989panel of 20 U.S. interstate natural gas pipelinecompanies. Results indicate that the program led to(i) a small reduction in transportation cost, and (ii)small increases in firm efficiency. Author Affiliation: (1) Department of Economics, Miami University, Oxford, OH, 45056, U.S.A. Article History: Registration Date: 16/10/2004

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Gale Document Number: GALE|A163161881