Market Power Analysis for the Oil Pipeline Industry
2007/08/07
研討會日期 : 2007-08-07
時間 : 15:00
主講人 : Prof. David W. Savitski
地點 : B棟110室
演講者簡介 : Prof. David W. Savitski為Ph.D. in Economics，UCLA。
目前為Economist，Federal Energy Regulatory Commission，USA。
其主要研究領域為Industrial Organization及Regulation of Utility Industries。
演講摘要 : This paper presents a practitioner's guide to applying for market-based rates in the US oil pipeline industry. The market power analysis presented represents my interpretation of "Market Based Ratemaking for Oil Pipelines," FERC Order No. 572, and is not official policy. If the Applicant is determined to have market power in either the origin or destination market on a segment of its pipeline, it is unlikely to be granted market-based rates. The Herfindahl Hirschman index (HHI) serves as a first screen to measure market power. If the HHI indicates market power, then a second screen is applied to see if the Applicant is in a position to exercise market power. These include contracts, market shares, prorationing, alternative regulated pipelines, and so on. If the Applicant passes this second screen, then the granting of market-based rates is likely even if the HHI is high.
