Motivated by policy events experienced during the last two decades by the European natural gas industry, this paper develops a simple model for analyzing the interaction between gas release and capacity investment programs as tools to improve the performance of imperfectly competitive markets....

This paper develops a simple model for examining the gas-release programs as the unique tool to improve the performance of imperfectly competitive natural gas markets. We study the "artificial" duopoly effect created by first the incumbent and then by a regulator who introduces a gas-release...