Regulating the Abuse of the Natural Monopoly of Pipelines in the Gas Industry vis-à-vis the Provision of Third Party Access

@inproceedings{Saidu2008RegulatingTA,
  title={Regulating the Abuse of the Natural Monopoly of Pipelines in the Gas Industry vis-à-vis the Provision of Third Party Access},
  author={Balkisu Saidu},
  year={2008}
}
  • B. Saidu
  • Published 31 January 2008
  • Economics
The existence of a competitive gas supply industry requires the participation of numerous suppliers. However, the easiest and most economical means of transporting gas, the pipeline, is characterized by high fixed costs and long lead time, which makes its duplication uneconomical, thereby creating a wide barrier to entry for potential participants. This endows the incumbent with enormous market power, which is often abused through charging excessive tariffs for the grant-of-access right, and in… 
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