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Strategic responses to regulatory policies: What lessons can be learned from the UK contract gas market?

Dixon, Huw David and Easaw, Joshy 2001. Strategic responses to regulatory policies: What lessons can be learned from the UK contract gas market? Review of Industrial Organization 18 (4) , pp. 379-396. 10.1023/A:1007835701360

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Abstract

The gas industry was first privatised in 1986, and the regulator, Ofgas, identified the contract gas market as a possibility for introducing initial competition into the industry. Nevertheless, competing shippers were slow in entering the market. Subsequently, Ofgas introduced a series of procompetitive policies. It, however, invoked a series of strategic behaviour by the incumbent shipper, British Gas. The effectiveness of these measures are analysed here with respect to the evolving competitive process. The issues it raised, especially when formulating future regulatory policies and theories, are also considered.

Item Type: Article
Date Type: Publication
Status: Published
Schools: Business (Including Economics)
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HF Commerce
Uncontrolled Keywords: Gas supply, network access, regulation and competition policy, strategic behaviour
Publisher: Springer Verlag
ISSN: 0889-938X
Last Modified: 10 Jun 2019 21:13
URI: http://orca-mwe.cf.ac.uk/id/eprint/38234

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