Out by the door, in through the window: Politics and natural gas regulation in Russia

Claude Menard, Alexander Kurdin and Andrey Shastitko

Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) from HAL

Abstract: This article deals with the regulation of the natural gas sector in Russia through the lens of institutional economics. It proposes a framework in which ‘meso-institutions' bridge the gap between the macro-institutions shaping the ‘rules of the game,' with the Kremlin at the core, and the micro-layer within which firms operate. We argue that the slow reform process comes from conflicts of interest embedded in these meso-institutions, specifically: the Federal Antimonopoly Service, the Ministry of Energy, and the Ministry of Economic Development. Based on official documents, data from various public sources, and semi-directive interviews and discussions, our analysis shows that parties are locked in a sub-optimal equilibrium.

Keywords: Natural gas; Institutions; Regulation (search for similar items in EconPapers)
Date: 2020-06
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Citations: View citations in EconPapers (1)

Published in Utilities Policy, 2020, 64, pp.101051. ⟨10.1016/j.jup.2020.101051⟩

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Journal Article: Out by the door, in through the window: Politics and natural gas regulation in Russia (2020)
Working Paper: Out by the door, in through the window: Politics and natural gas regulation in Russia (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:cesptp:hal-03534650

DOI: 10.1016/j.jup.2020.101051

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