ASSESSING THE COMPETITION FACED BY OIL PIPELINES

David Teece

Contemporary Economic Policy, 1986, vol. 4, issue 4, 65-78

Abstract: This paper assesses the competition faced by oil pipelines. It also uses a new procedure and new data to test whether oil pipeline markets are competitive or monopolistic, under standard definitions. The key innovation of the paper is a new approach to the definition of the relevant market(s) in which oil pipelines operate. While recognizing that pipeline monopsony also could be a problem under certain conditions, the paper argues that these conditions are unlikely to arise and that if they do, it is unclear whether pipeline owners would be in a position to exploit them. The study offers new evidence to fuel the 80‐year‐old debate over pipeline rates and regulation.

Date: 1986
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https://doi.org/10.1111/j.1465-7287.1986.tb00858.x

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