Oviedo, Juan-Daniel; Guillerminet, Marie-Laure; Gasmi, Farid - Université Paris-Dauphine (Paris IX) - 2008
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 program under both a partial and a global budget-balance constraint …