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The role of excess capacity in determining market power in natural gas transportation markets

โœ Scribed by R. Preston McAfee; Philip J. Reny


Book ID
106514918
Publisher
Springer US
Year
2007
Tongue
English
Weight
221 KB
Volume
32
Category
Article
ISSN
0922-680X

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In this paper, we develop a mixed complementarity equilibrium model for the European natural gas market. This model has producers as Cournot players with conjectured supply functions relative to their rivals. As such, these producers can withhold production to increase downstream prices for greater