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The Political Economy of Pipelines


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About the Author

Jeff D. Makholm is an economist with National Economic Research Associates, an international firm providing economic analysis to corporations, governments, regulatory agencies, and special interest groups. He is the author of The Distribution and Pricing of Sichuan Natural Gas.


"More than a story of pipeline markets and regulation, this book also offers a rich study of how asset specificity, nondeployable capital, and high up-front capital costs affect market development, regulation, pricing, and entry. Jeff D. Makholm takes what would otherwise be a pretty unexceptional industry - pipeline transport - and makes it of interest to a broader audience, especially those concerned with the new institutional economics." (Gary D. Libecap, University of California, Santa Barbara)"

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