Nathalie Hinchey Examines the Potential for Vertically Integrated Firms to Manipulate Natural Gas and Electricity Market Prices
Published in The Energy Journal
Brattle Associate Nathalie Hinchey has published an article in The Energy Journal titled “Incentives for Vertically Integrated Firms in the Natural Gas and Electricity Markets to Manipulate Prices.”
The article examines the potential for vertically integrated firms that own assets in both the natural gas and electricity markets to manipulate natural gas and electricity prices by withholding natural gas pipeline capacity. Dr. Hinchey develops a theoretical model that examines the incentives to allocate pipeline capacity to the wholesale natural gas market, which supplies the power generation sector, and the retail natural gas market.
The full article, “Incentives for Vertically Integrated Firms in the Natural Gas and Electricity Markets to Manipulate Prices,” can be found below.
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