Do Americans Consume Too Little Natural Gas? An Empirical Test of Marginal Cost Pricing
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This paper measures the extent to which prices exceed marginal costs in the U.S. natural gas distribution market during the period 1991-2007. We find large departures from marginal cost pricing in all 50 states, with residential and commercial customers facing average markups of over 40%. Based on
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美国国家经济研究局创建时间：
2010-04-01
