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Books > Business & Economics > Economics > Political economy
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The Political Economy of Pipelines (Hardcover)
Loot Price: R2,322
Discovery Miles 23 220
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The Political Economy of Pipelines (Hardcover)
Expected to ship within 10 - 15 working days
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With global demand for energy poised to increase by more than half
in the next three decades, the supply of safe, reliable, and
reasonably priced gas and oil will continue to be of fundamental
importance to modern economies. Central to this supply are the
pipelines that transport this energy. And while the fundamental
economics of the major pipeline networks are the same, the
differences in their ownership, commercial development, and
operation can provide insight into the workings of market
institutions in various nations. Drawing on a century of the
world's experience with gas and oil pipelines, this book
illustrates the importance of economics in explaining the evolution
of pipeline politics in various countries. It demonstrates that
institutional differences influence ownership and regulation, while
rents and consumer pricing depend on the size and diversity of
existing markets, the depth of regulatory institutions, and the
historical structure of the pipeline businesses themselves. The
history of pipelines is also rife with social conflict, and Jeff D.
Makholm explains how and when institutions in a variety of
countries have controlled pipeline behavior - either through
economic regulation or government ownership - in the public
interest.
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