An Imperfectly Competitive Model of the World Natural Gas Market

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dc.contributor.authorCigerli, Burcuen_US
dc.contributor.orgJames A. Baker III Institute for Public Policyen_US
dc.date.accessioned2016-08-24T17:14:47Zen_US
dc.date.available2016-08-24T17:14:47Zen_US
dc.date.issued2013en_US
dc.description.abstractIn 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.en_US
dc.identifier.citationCigerli, Burcu. "An Imperfectly Competitive Model of the World Natural Gas Market." (2013) James A. Baker III Institute for Public Policy: <a href="http://bakerinstitute.org/research/an-imperfectly-competitive-model-of-the-world-natural-gas-market/">http://bakerinstitute.org/research/an-imperfectly-competitive-model-of-the-world-natural-gas-market/</a>.en_US
dc.identifier.urihttps://hdl.handle.net/1911/91324en_US
dc.language.isoengen_US
dc.relation.urihttp://bakerinstitute.org/research/an-imperfectly-competitive-model-of-the-world-natural-gas-market/en_US
dc.titleAn Imperfectly Competitive Model of the World Natural Gas Marketen_US
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