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http://hdl.handle.net/10419/27256
  

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dc.contributor.authorEgging, Ruuden_US
dc.contributor.authorGabriel, Steven A.en_US
dc.contributor.authorHolz, Franziskaen_US
dc.contributor.authorZhuang, Jifangen_US
dc.date.accessioned2007-11-22en_US
dc.date.accessioned2009-08-06T13:19:16Z-
dc.date.available2009-08-06T13:19:16Z-
dc.date.issued2007en_US
dc.identifier.urihttp://hdl.handle.net/10419/27256-
dc.description.abstractIn this paper, we present a detailed and comprehensive complementarity model for computing market equilibrium values in the European natural gas system. Market players include producers and their marketing arms which we call transmitters, pipeline and storage operators, marketers, LNG liquefiers, regasifiers, tankers, and three end-use consumption sectors. The economic behavior of producers, transmitters, pipeline and storage operators, liquefiers and regasifiers is modeled via optimization problems whose Karush-Kuhn-Tucker (KKT) optimality conditions in combination with market-clearing conditions form the complementarity system. The LNG tankers, marketers and consumption sectors are modeled implicitly via appropriate cost functions, aggregate demand curves, and ex-post calculations, respectively. The model is run on several case studies that highlight its capabilities, including a simulation of a disruption of Russian supplies via Ukraine.en_US
dc.language.isoengen_US
dc.publisherDeutsches Institut für Wirtschaftsforschung (DIW) Berlinen_US
dc.relation.ispartofseriesDiscussion papers // German Institute for Economic Research 732en_US
dc.subject.jelC61en_US
dc.subject.jelL95en_US
dc.subject.ddc330en_US
dc.subject.keywordEuropean Natural Gas Marketen_US
dc.subject.keywordGlobal LNG marketen_US
dc.subject.keywordMixed Complementarity Problemen_US
dc.subject.stwErdgasmarkten_US
dc.subject.stwWirtschaftsmodellen_US
dc.subject.stwKomplementärguten_US
dc.subject.stwTheorieen_US
dc.subject.stwEuropaen_US
dc.titleA complementarity model for the European natural gas marketen_US
dc.typeWorking Paperen_US
dc.identifier.ppn550065202en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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DIW-Diskussionspapiere

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