Auctioning Long-term Gas Contracts in Colombia

Peter Cramton

Papers of Peter Cramton from University of Maryland, Department of Economics - Peter Cramton

Abstract: This paper presents an approach to auctioning long-term gas contracts in Colombia. I propose an annual auction for long-term firm gas contracts. The auction would assign and price all firm gas contracts, with the exception of gas from the Guajira field, which is assigned administratively at a regulated price. The proposal is a partial market design in that it does not address the transportation of gas from producer to consumer.

Keywords: Auctions; gas auctions (search for similar items in EconPapers)
JEL-codes: D44 (search for similar items in EconPapers)
Pages: 15 pages
Date: 2008, Revised 2008
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published in Working Paper, University of Maryland, 2008

Downloads: (external link)
https://www.cramton.umd.edu/papers2005-2009/cramton-gas-market.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pcc:pccumd:08gm

Access Statistics for this paper

More papers in Papers of Peter Cramton from University of Maryland, Department of Economics - Peter Cramton Economics Department, University of Maryland, College Park, MD 20742-7211.
Bibliographic data for series maintained by Peter Cramton ().