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The Income Distribution Effects Of A Natural Gas Price Increase

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  • J. A. STOCKFISCH

Abstract

Deregulation of wellhead natural gas prices will affect individuals as consumers and resource owners. It is shown that higher natural gas prices will be roughly progressive with respect to household and general consumers. The effects on the distribution of resource earnings will be ambiguous because although the oil and gas industry is highly capital intensive, natural gas price deregulation will likely cause reduced spending on other capital‐intensive activities, including deep drilling for high cost gas, gas utility distribution, and exports. Overall, no clear case can be made that gas wellhead price deregulation will be regressive

Suggested Citation

  • J. A. Stockfisch, 1982. "The Income Distribution Effects Of A Natural Gas Price Increase," Contemporary Economic Policy, Western Economic Association International, vol. 1(1), pages 9-26, October.
    • Handle: RePEc:bla:coecpo:v:1:y:1982:i:1:p:9-26
    DOI: 10.1111/j.1465-7287.1982.tb00750.x
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    References listed on IDEAS

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    1. Berndt, Ernst R. & Morrisson, Catherine J., 1979. "Income redistribution and employment effects of rising energy prices," Resources and Energy, Elsevier, vol. 2(2-3), pages 131-150.
    2. Paul R. Krugman, 1981. "Real Exchange Rate Adjustment and the Welfare Effects of Oil Price Decontrol," NBER Working Papers 0658, National Bureau of Economic Research, Inc.
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