The phenomenon of infrequent price changes has troubled economists for decades. Intuitively one feels that for most price-setters there exists a range of inaction, i.e. a substantial measure of the states of the world, within which they do not wish to modify prevailing prices. However, basic...

Son yıllarda iktisat yazınında disiplinler arası çalışmaların sayısı giderek artmaktadır. Bu ilginin altında, doğrusal ve statik modellere dayanan klasik iktisat teorisinin modellerinin, gerçekte kompleks/karmaşık özellik gösteren yapıları çözümlemede yetersiz kalması...

Given the increasing importance of gas in the Mozambican economy, the success of institutional reforms is key to the country's economic prospects of benefiting positively from the expected gas bonanza. In this paper we analyze the performance of the new institutional reforms (NIA) in Mozambique,...

In this study, the authors examine how societal and industrial sector-specific peculiarities moderate the translation of intra-organizational openness into innovativeness. A sample comprising N = 24 subsystems from privatized Romanian natural gas companies and N = 26 subsystems from privatized...

Like other network industries, the European gas supply industry has been liberalised, along the lines of what has been done in the United Kingdom and the United States, by opening up to competition the upstream and downstream segments of essential transmission infrastructure. The aim of this...

This paper provides a thorough overview of the natural gas sector in Bolivia, with the purpose of identifying critical questions to be answered in subsequent research. The paper shows that the Bolivian benefits from natural gas exports are rather limited. The sector generates very little...

We propose a model of the European gas market where the risk that Russian deliveries are interrupted is endogenized. While Russia's attempts to buy considerable parts of the European downstream industry have faced strong political opposition, we argue that Russian participation in the downstream...

Der deutsche Sonderweg, die Liberalisierung der leitungsgebundenen Energieversorgung ohne staatliche Regulierung des Netzzugangs zu beschreiten, ist in Wissenschaft und Praxis umstritten. In jüngster Zeit mehren sich die Rufe nach Regulierer und einer Netzzugangsverordnung, die mehr Wettbewerb...