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Determinación de los precios del gas licuado de petróleo en México

Listed author(s):
  • Brito, Dagobert L.

    (Departament of Economics, Rice University, Houston, Tejas.)

  • Laney Littlejohn, William

    (Littlejohn and Associates, Houston, Tejas.)

  • Rosellón, Juan

    (Centro de Investigación y Docencia Económicas, A.C., México.)

This paper considers the regulation of pricing of liquid petroleum gas in Mexico. We construct a model which incorporates all information essential to the pricing question, and derive relationships which should hold between prices in Mexico and prices in world markets. Prices in Mexico can be tend to the readily observable prices in the United States by a netback rule. However this rule can lead to incentives to increase the price of domestic liquid petroleum gas by diverting production from the regulated market.// Este ensayo considera la regulación de la determinación de los precios del gas licuado de petróleo en México. Establecemos un modelo que incluye toda la información esencial para la determinación de los precios y derivamos las relaciones que deberían existir entre los precios en México y los de los mercados mundiales. Los primeros pueden ligarse a los precios fácilmente observables en los Estados Unidos mediante una regla de enlace hacia atrás. Sin embargo, esta regla puede generar incentivos para incrementar el precio del gas licuado de petróleo nacional desviando la producción del mercado regulado.

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Article provided by Fondo de Cultura Económica in its journal El Trimestre Económico.

Volume (Year): LXVI (4) (1999)
Issue (Month): 264 (octubre-diciembre)
Pages: 763-780

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Handle: RePEc:elt:journl:v:66:y:1999:i:264:p:763-780
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