IDEAS home Printed from https://ideas.repec.org/p/rnp/wpaper/031703.html
   My bibliography  Save this paper

Regulation of Enterprise Prices: Application Areas, Mechanisms and Methods of Regulation, Impact on Competition (Case Study of Gas Industry)
[Регулирование Цен Предприятий: Области Применения, Механизмы И Методы Регулирования, Последствия Для Конкуренции (На Примере Газовой Отрасли)]

Author

Listed:
  • Kurdin, Alexander (Курдин, Александр)

    (Russian Presidential Academy of National Economy and Public Administration (RANEPA))

Abstract

The process of reforming Russian industry, which has lasted for the last decade, is accompanied by a discussion on the establishment of such an industry regulation system that, on the one hand, would create incentives for market participants to invest in the development of the industry and upgrade capacities, and, on the other hand, would not be accompanied by faster growth of prices and indexation of tariffs. Traditionally, this issue is relevant for infrastructure industries, their cost of services directly affects the costs of citizens and the cost of the final products of enterprises. The paper reviews the theoretical and applied aspects of regulation of prices and tariffs in the gas industry, the methods used are systematized, the specifics of Russian practice and prospects for the development of the gas industry in Russia and the world are analyzed, recommendations are formulated for Russian authorities.

Suggested Citation

  • Kurdin, Alexander (Курдин, Александр), 2017. "Regulation of Enterprise Prices: Application Areas, Mechanisms and Methods of Regulation, Impact on Competition (Case Study of Gas Industry) [Регулирование Цен Предприятий: Области Применения, Меха," Working Papers 031703, Russian Presidential Academy of National Economy and Public Administration.
    • Handle: RePEc:rnp:wpaper:031703
    as

    Download full text from publisher

    File URL: https://repec.ranepa.ru/rnp/wpaper/031703.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Wright, Philip, 2006. "Gas Prices in the UK: Markets and Insecurity of Supply," OUP Catalogue, Oxford University Press, number 9780199299652.
    2. Tarr, David G., 2010. "Export restraints on russian natural gas and raw timber : what are the economic impacts ?," Policy Research Working Paper Series 5195, The World Bank.
    3. Jean-Jacques Laffont & Jean Tirole, 1993. "A Theory of Incentives in Procurement and Regulation," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262121743, April.
    4. Armstrong, Mark & Sappington, David E.M., 2007. "Recent Developments in the Theory of Regulation," Handbook of Industrial Organization, in: Mark Armstrong & Robert Porter (ed.), Handbook of Industrial Organization, edition 1, volume 3, chapter 27, pages 1557-1700, Elsevier.
    5. Laffont, Jean-Jacques & Tirole, Jean, 1986. "Using Cost Observation to Regulate Firms," Journal of Political Economy, University of Chicago Press, vol. 94(3), pages 614-641, June.
    6. Graeme Guthrie, 2006. "Regulating Infrastructure: The Impact on Risk and Investment," Journal of Economic Literature, American Economic Association, vol. 44(4), pages 925-972, December.
    7. Aad Correljé & Martijn Groenleer & Jasper Veldman, 2013. "Understanding institutional change: the development of institutions for the regulation of natural gas transportation systems in the US and the EU," RSCAS Working Papers 2013/07, European University Institute.
    8. Graeme Guthrie, 2006. "Regulating Infrastructure: The Impact on Risk and Investment," Journal of Economic Literature, American Economic Association, vol. 44(4), pages 925-972, December.
    9. Cornelia Woll, 2003. "Transatlantic Relations as a Catalyst to European Integration: The Activism of the European Commission in the Case of International Aviation," Working Papers hal-01065034, HAL.
    10. Paul L. Joskow, 2013. "Natural Gas: From Shortages to Abundance in the United States," American Economic Review, American Economic Association, vol. 103(3), pages 338-343, May.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ingo Vogelsang, 2012. "Incentive Regulation, Investments and Technological Change," Chapters, in: Gerald R. Faulhaber & Gary Madden & Jeffrey Petchey (ed.), Regulation and the Performance of Communication and Information Networks, chapter 4, Edward Elgar Publishing.
    2. Worch, Hagen & Truffer, Bernhard & Kabinga, Mundia & Eberhard, Anton & Markard, Jochen, 2013. "A capability perspective on performance deficiencies in utility firms," Utilities Policy, Elsevier, vol. 25(C), pages 1-9.
    3. Bortolotti, Bernardo & Cambini, Carlo & Rondi, Laura, 2013. "Reluctant regulation," Journal of Comparative Economics, Elsevier, vol. 41(3), pages 804-828.
    4. Antonio Estache & L. Wren-Lewis, 2008. "Towards a Theory of Regulation for Developing Countries: Following Laffont's Lead," Working Papers ECARES 2008_018, ULB -- Universite Libre de Bruxelles.
    5. Fiocco, Raffaele & Guo, Dongyu, 2020. "Regulatory risk, vertical integration, and upstream investment," European Economic Review, Elsevier, vol. 128(C).
    6. Müller, Christine & Growitsch, Christian & Wissner, Matthias, 2010. "Regulierung und Investitionsanreize in der ökonomischen Theorie. IRIN Working Paper im Rahmen des Arbeitspakets: Smart Grid-gerechte Weiterentwicklung der Anreizregulierung," WIK Discussion Papers 349, WIK Wissenschaftliches Institut für Infrastruktur und Kommunikationsdienste GmbH.
    7. Armstrong, Mark & Sappington, David E.M., 2007. "Recent Developments in the Theory of Regulation," Handbook of Industrial Organization, in: Mark Armstrong & Robert Porter (ed.), Handbook of Industrial Organization, edition 1, volume 3, chapter 27, pages 1557-1700, Elsevier.
    8. Stronzik, Marcus, 2013. "Investitions- und Innovationsanreize: Ein Vergleich zwischen Revenue Cap und Yardstick Competition," WIK Discussion Papers 379, WIK Wissenschaftliches Institut für Infrastruktur und Kommunikationsdienste GmbH.
    9. Hagen Worch & Bernhard Truffer & Mundia Kabinga & Jochen Markard & Anton Eberhard, 2012. "Tackling the Capability Gap in Utility Firms: Applying Management Research to Infrastructure Sectors," CID Working Papers 55, Center for International Development at Harvard University.
    10. Nykamp, Stefan & Andor, Mark & Hurink, Johann L., 2012. "‘Standard’ incentive regulation hinders the integration of renewable energy generation," Energy Policy, Elsevier, vol. 47(C), pages 222-237.
    11. Peter Broer & Gijsbert Zwart, 2013. "Optimal regulation of lumpy investments," Journal of Regulatory Economics, Springer, vol. 44(2), pages 177-196, October.
    12. David E. M. Sappington & Dennis L. Weisman, 2024. "40 Years of Incentive Regulation: What Have We Learned, and What Questions Remain?," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 65(2), pages 361-373, September.
    13. Dan Wang & Peng Hao & Jiancheng Wang, 2023. "Quantities vs. prices: monopoly regulation without transfer under asymmetric demand information," Economics of Governance, Springer, vol. 24(2), pages 177-205, June.
    14. Reynaud, Arnaud & Thomas, Alban, 2013. "Firm's profitability and regulation in water and network industries: An empirical analysis," Utilities Policy, Elsevier, vol. 24(C), pages 48-58.
    15. Raffaele Fiocco & Roland Strausz, 2015. "Consumer Standards as a Strategic Device to Mitigate Ratchet Effects in Dynamic Regulation," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 24(3), pages 550-569, September.
    16. Inderst, Roman & Peitz, Martin, 2014. "Investment under uncertainty and regulation of new access networks," Information Economics and Policy, Elsevier, vol. 26(C), pages 28-41.
    17. Laurens Cherchye & Bram De Rock & Antonio Estache & Marijn Verschelde, 2015. "Efficiency Measures in Regulated Industries: History, Outstanding Challenges and Emerging Solutions," Working Papers ECARES ECARES 2015-09, ULB -- Universite Libre de Bruxelles.
    18. Michael Hellwig & Dominik Schober & Luis Cabral, 2018. "Incentive Regulation: Evidence From German Electricity Networks," Working Papers 18-03, New York University, Leonard N. Stern School of Business, Department of Economics.
    19. Ingo Vogelsang, 2006. "Electricity Transmission Pricing and Performance-based Regulation," The Energy Journal, International Association for Energy Economics, vol. 0(Number 4), pages 97-126.
    20. Alessandro Petretto, 2009. "On the Impact of Productive Efficiency and Quality of a Regulated Local Public Utility Upon Final Goods Prices and Consumer's Welfare," Giornale degli Economisti, GDE (Giornale degli Economisti e Annali di Economia), Bocconi University, vol. 68(3), pages 311-339, July.

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rnp:wpaper:031703. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: RANEPA maintainer (email available below). General contact details of provider: https://edirc.repec.org/data/aneeeru.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.