Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/74405
Authors: 
Hecking, Harald
Panke, Timo
Year of Publication: 
2012
Series/Report no.: 
EWI Working Paper 12/06
Abstract: 
A model of the global gas market is presented which in its basic version optimises the future development of production, transport and storage capacities as well as the actual gas ows around the world assuming perfect competition. Besides the transport of natural gas via pipelines also the global market for lique ed natural gas (LNG) is modeled using a hub-and-spoke approach. While in the basic version of the model an inelastic demand and a piecewise-linear supply function are used, both can be changed easily, e.g. to a Golombek style production function or a constant elasticity of substitution (CES) demand function. Due to the usage of mixed complementary programming (MCP) the model additionally allows for the simulation of strategic behaviour of dierent players in the gas market, e.g. the gas producers.
Subjects: 
Natural gas market
partial equilibrium modelling
MCP
JEL: 
C61
L72
Q34
Q41
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.