Regional Effects of Energy Price Decontrol: The Roles of Interregional Trade, Stockholding, and Microeconomic Incidence
分析天然气价格放开如何通过区域间贸易、资产所有权分布和价格影响分担模式,改变不同地区的净转移支付,发现消费地区可能受益,而补偿政策未必有利。
Policy debates over energy pricing frequently pit producing states against states. Such a distinction ignores the fact that ownership of energy-producing and energy-using assets is geographically dispersed, and that trade links regional economies. Incorporating these factors as well as alternative patterns of the incidence of higher gas prices into an analysis of natural gas decontrol reveals a significant influence on the net interregional transfers resulting from decontrol. Apparent consuming regions could benefit from gas decontrol, and consuming regions generally do not benefit from policies that tax producer windfalls from decontrol and then redistribute the revenues as compensation to gas users.