Do Americans Consume Too Little Natural Gas

摘要

In Do Americans Consume Too Little Natural Gas? An Empirical Test of Marginal Cost Pricing (NBER Working Paper No. 15885), co-authors Lucas Davis and Erich Muehlegger measure the extent to which prices exceeded marginal costs from 1991-2007 in the U.S. natural gas distribution market. They find large departures from marginal cost pricing in all 50 states, with residential and commercial customers facing average markups of over 40 percent.