TY - BOOK ID - 78141098 TI - The political economy of pipelines : a century of comparative institutional development PY - 2012 SN - 1280126256 9786613530110 0226502120 9780226502120 9781280126253 9780226502106 0226502104 6613530115 PB - Chicago ; London : University of Chicago Press, DB - UniCat KW - Petroleum pipeline industry KW - Petroleum industry and trade KW - Petroleum law and legislation KW - Institutional economics. KW - Economics KW - Energy industries KW - Oil industries KW - Economic aspects. KW - Government policy KW - Institutional economics KW - Economic aspects KW - E-books KW - energy, oil, gas, pipelines, economy, economics, markets, ownership, regulation, petroleum, industry, trade, government policy, capital, monopoly, market development, pricing, entry, technology, infrastructure, oliver e williamson, reform, business, engineering, nonfiction, history, politics, political science, administration, utilities, europe, united states, borders, competition, bargaining. UR - https://www.unicat.be/uniCat?func=search&query=sysid:78141098 AB - With global demand for energy poised to increase by more than half in the next three decades, the supply of safe, reliable, and reasonably priced gas and oil will continue to be of fundamental importance to modern economies. Central to this supply are the pipelines that transport this energy. And while the fundamental economics of the major pipeline networks are the same, the differences in their ownership, commercial development, and operation can provide insight into the workings of market institutions in various nations. Drawing on a century of the world's experience with gas and oil pipelines, this book illustrates the importance of economics in explaining the evolution of pipeline politics in various countries. It demonstrates that institutional differences influence ownership and regulation, while rents and consumer pricing depend on the size and diversity of existing markets, the depth of regulatory institutions, and the historical structure of the pipeline businesses themselves. The history of pipelines is also rife with social conflict, and Makholm explains how and when institutions in a variety of countries have controlled pipeline behavior-either through economic regulation or government ownership-in the public interest. ER -