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    An Imperfectly Competitive Model of the World Natural Gas Market

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    Author
    Cigerli, Burcu
    Date
    2013
    Abstract
    In this paper we develop a model of global natural gas trade under imperfect competition where buyers and sellers (producers) are connected by a trading network. The market power of a producer depends on her supply capacity, her access to markets and the number of competitors she faces in each market. We apply this model to a natural gas trade network formed by using BP’s Statistical Review of 2010 major trade flows. Later, we change model parameters exogenously to analyze various policy scenarios. We find that any exogenous change affecting Europe also has an effect in the Asia Pacific. The reason is that two big producers, Russia and the Middle East, are connected to both markets. We also find that shale gas development in North America reduces natural gas producers’ market power all around the world.
    Citation
    Cigerli, Burcu. "An Imperfectly Competitive Model of the World Natural Gas Market." (2013) James A. Baker III Institute for Public Policy of Rice University: http://bakerinstitute.org/research/an-imperfectly-competitive-model-of-the-world-natural-gas-market/.
    Type
    Working paper
    Publisher
    James A. Baker III Institute for Public Policy of Rice University
    Citable link to this page
    https://hdl.handle.net/1911/91324
    Link to related resources
    http://bakerinstitute.org/research/an-imperfectly-competitive-model-of-the-world-natural-gas-market/
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    • Center for Energy Studies [410]

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    Home | FAQ | Contact Us | Privacy Notice | Accessibility Statement
    Managed by the Digital Scholarship Services at Fondren Library, Rice University
    Physical Address: 6100 Main Street, Houston, Texas 77005
    Mailing Address: MS-44, P.O.BOX 1892, Houston, Texas 77251-1892
    Site Map