Theoretical and Applied Economics (Oct 2006)
Regulation Strategy in Natural Gas Sector. The Romanian Case
Abstract
This study provides a methodological analysis to evaluate the regulation strategy in Romanian natural gas sector. The market oriented reforms are not only associated with the gap between internal prices and world prices. In the same time, the market oriented reforms are mixed with the other forms of government intervention. The industry network theory provides a good pillar for maintaining natural monopoly in public utilities. The conclusions which are presented in this article offer a good theory for the activity of the National Authority of Regulation in Romanian natural gas sector.