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Economies of Scale and Natural Monopoly in Urban Utilities: The Case of Natural Gas Distribution

✍ Scribed by Jean-Michel Guldmann

Book ID
109147770
Publisher
John Wiley and Sons
Year
2010
Tongue
English
Weight
981 KB
Volume
17
Category
Article
ISSN
0016-7363

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## Abstract We investigate analyst forecasts in a unique setting, the natural gas storage market, and study the contribution of analysts in facilitating price discovery in futures markets. Using a high‐frequency database of analyst storage forecasts, we show that the market appears to condition exp