. Sixty percent of the production is sold domestically at prices below long term marginal cost, for households and for … policy promoting energy efficiency, increasing investments in natural gas production and bringing the natural gas price on … the domestic market closer to long term cost recovery. We will approach the issue of gas pricing through taxation of …

energy efficiency, increasing investments in natural gas production and bringing the natural gas price on the domestic market … closer to long term cost recovery. Underpricing of natural gas at the domestic markets was an explicit feature of the Soviet … reform. We found that the reform is feasible at low economic cost, without greater disparities in terms of increased inequity …

The classical cobweb theorem is extended to include production lags and price forecasts. Price forecasting based on a … longer period has a stabilizing effect on prices. Longer production lags do not necessarily lead to unstable prices; very … shocks are also considered. -- Cobweb theorem ; production lags ; stable markets ; price fluctuations …