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Competition in the U.S. Energy Industry







Contents

List of Tables vii
Preface xi
Author's Note xii
Chapter One Introduction 1
Sources of Energy 1
Role of Competition in a Market Economy 2
Structure, Conduct, and Performance 4
The Energy Company 7
Summary 10
Chapter Two Market Structure 13
Significance of Market Structure 13
Industry Definition 15
Geographic Boundaries of the Market 28
Seller Concentration: Levels and Trends 35
Condition of Entry 99
Vertical Integration 111
Summary 113
Chapter Three Conduct 121
Crude Oil 121