Producer and Consumer Interests, the State‐Owned Pipeline, and Public Authority Pricing of Natural Gas*

Arye Hillman ()

The Economic Record, 1984, vol. 60, issue 1, 28-33

Abstract: This paper considers producer and consumer interests when state ownership of a pipeline provides a public authority with monopoly and monopsony power. In contrast with the producer/consumer conflict in the regulatory setting where self‐interested authorities choose the price at which producers and consumers directly transact with one another, in the pipeline case producers and consumers have a commonality of interest which is sustained even if the authorities take the view that it is politically inexpedient to take advantage of monopoly power with respect to consumers.

Date: 1984
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https://doi.org/10.1111/j.1475-4932.1984.tb00835.x

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