win prizes
Search our site
Persons Unknown by Susie Steiner Read the opening extract of the brand new Susie Steiner book before its publication on 05/04/2018

The Political Economy of Pipelines A Century of Comparative Institutional Development by Jeff D. Makholm

The Political Economy of Pipelines A Century of Comparative Institutional Development


The Political Economy of Pipelines A Century of Comparative Institutional Development by Jeff D. Makholm

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 Jeff D. 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.


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)

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 books by this author
Author 'Like for Like' recommendations

Loading other formats...

Book Info

Publication date

11th May 2012


Jeff D. Makholm

More books by Jeff D. Makholm
Author 'Like for Like'


University of Chicago Press an imprint of The University of Chicago Press


256 pages


Political economy
Petroleum & oil industries



Lovereading is an amazing place to be, the website is wonderful and to me if I'm sad I'll go here and it cheers me up!

Sophia Upton

I love 'try before you buy' extracts. I love the wide range of authors & genres. I love the author info. I love books!

Judi Davies

With literary excellence, humour and drama, Lovereading's got value and is a real stress-calmer!

Siobhan McDowell

Lovereading takes the guesswork out of finding your next read with "if you like you'll love" and extracts to help with your decision.

Sarah Bruch

I read new, exciting writers and established authors before publication and there is a great website full of brilliant books and opinions.


If you LOVE reading then you will love LOVEREADING! It's a 'novel' idea. Seriously though I could not recommend them enough.

Rebecca Whymark

It has opened my eyes to different authors and genres. Just log on and try, you will be surprised and not want for reading material again.

Jocelyn Garvey

It's information about new books so, for a book lover like me, what's not to like!

Joan Hill