Abstract
Up to now, the development of natural gas industry has been limited mostly to North America, Europe and Japan. Natural gas is widely appreciated as an energy source due to its abundance, physical characteristics and low production cost. Because of high transportation cost, the future development of the natural gas industry is closely tied to the creation and growth of new gas markets in DC`s located close to production areas. To date, there has been little gas industry development in these zones due to organisational structural and economic barriers which driven up transaction costs. These problems, however, can be overcome using industrial organisation economics. The analytical process focuses on firms, industry structures, market configurations and their interactions. Transaction cost analysis helps us to understand the links between different upstream and downstream processes: namely gas production, gas transportation and electric power generation. The bilateral exchange model and analysis of long term US contracts allow us to develop a new understanding of contract`s role. The analysis finally shows how to reduce transaction costs. (author).
Citation Formats
Delafosse, E.
Gas stakes in developing countries and going beyond institutional obstacles to resource utilization.
France: N. p.,
1993.
Web.
Delafosse, E.
Gas stakes in developing countries and going beyond institutional obstacles to resource utilization.
France.
Delafosse, E.
1993.
"Gas stakes in developing countries and going beyond institutional obstacles to resource utilization."
France.
@misc{etde_10142808,
title = {Gas stakes in developing countries and going beyond institutional obstacles to resource utilization}
author = {Delafosse, E}
abstractNote = {Up to now, the development of natural gas industry has been limited mostly to North America, Europe and Japan. Natural gas is widely appreciated as an energy source due to its abundance, physical characteristics and low production cost. Because of high transportation cost, the future development of the natural gas industry is closely tied to the creation and growth of new gas markets in DC`s located close to production areas. To date, there has been little gas industry development in these zones due to organisational structural and economic barriers which driven up transaction costs. These problems, however, can be overcome using industrial organisation economics. The analytical process focuses on firms, industry structures, market configurations and their interactions. Transaction cost analysis helps us to understand the links between different upstream and downstream processes: namely gas production, gas transportation and electric power generation. The bilateral exchange model and analysis of long term US contracts allow us to develop a new understanding of contract`s role. The analysis finally shows how to reduce transaction costs. (author).}
place = {France}
year = {1993}
month = {Sep}
}
title = {Gas stakes in developing countries and going beyond institutional obstacles to resource utilization}
author = {Delafosse, E}
abstractNote = {Up to now, the development of natural gas industry has been limited mostly to North America, Europe and Japan. Natural gas is widely appreciated as an energy source due to its abundance, physical characteristics and low production cost. Because of high transportation cost, the future development of the natural gas industry is closely tied to the creation and growth of new gas markets in DC`s located close to production areas. To date, there has been little gas industry development in these zones due to organisational structural and economic barriers which driven up transaction costs. These problems, however, can be overcome using industrial organisation economics. The analytical process focuses on firms, industry structures, market configurations and their interactions. Transaction cost analysis helps us to understand the links between different upstream and downstream processes: namely gas production, gas transportation and electric power generation. The bilateral exchange model and analysis of long term US contracts allow us to develop a new understanding of contract`s role. The analysis finally shows how to reduce transaction costs. (author).}
place = {France}
year = {1993}
month = {Sep}
}