Modeling Natural Gas Regulatory Proposals Using the Project Independence Evaluation System

Frederic H. Murphy, Reginald C. Sanders, Susan H. Shaw and Richard L. Thrasher
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Frederic H. Murphy: Department of Energy, Washington, D.C.
Reginald C. Sanders: Department of Energy, Washington, D.C.
Susan H. Shaw: Department of Energy, Washington, D.C.
Richard L. Thrasher: Department of Energy, Washington, D.C.

Operations Research, 1981, vol. 29, issue 5, 876-902

Abstract: During the 1978 debates on the Natural Gas Pricing Act, Senator Henry M. Jackson of Washington, then Chairman of the Committee on Energy and Natural Resources, requested an analysis of the impact of the proposed legislation. A generic methodology was developed to represent alternative (average cost) regulatory proposals within the (marginal cost) framework of an economic equilibrium using the collection of models then known as the Project Independence Evaluation System. The results precipitated a controversy over the letter and intent of the competing legislative proposals.

Keywords: 222 use of a partial equilibrium model of energy markets; 473 evaluation of alternative natural gas policies; 638 use of an LP; in an equilibrium model of energy markets (search for similar items in EconPapers)
Date: 1981
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:inm:oropre:v:29:y:1981:i:5:p:876-902

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