Transportation and storage under a dynamic price cap regulation process

Michèle Breton and Mohammed Kharbach

Energy Economics, 2012, vol. 34, issue 4, 918-929

Abstract: We study the welfare effects of Price Cap Regulation (PCR) and the strategic behavior it may induce in gas transportation networks by analyzing a stylized gas network within the framework of a multi-period game model under three scenarios: No regulation, a dynamic setting where the price cap adjustment mechanism is not endogenized by the players, and a dynamic setting where it is endogenized by the players.

Keywords: Gas market; Dynamic game; Price cap regulation (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:34:y:2012:i:4:p:918-929

DOI: 10.1016/j.eneco.2012.04.009

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