Cremer, Helmuth; Gasmi, Farid; Laffont, Jean-Jacques - In: Journal of Regulatory Economics 24 (2003) 1, pp. 5-33
In this paper we provide the normative benchmark characterizing the optimal allocation of resources in a gas network. By duality, we determine the consumer and producer prices, at each node of the network, which decentralize this allocation with competitive actors. From the nodal prices we...