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In a non-renewable resource market with imperfect competition, both the resource rent and current prices influence a large resource owner's optimal supply. New information regarding future market conditions that affect the resource rent will consequently impact current supply. Bleaker demand...
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Due to a number of structural market shifts, a new context for European gas regulation has arisen. In this new context, regulation must ensure adequate investments in a gas market that is dominated by producers, where political considerations are becoming more important, and where supply...
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representation of Europe's electricity and natural gas markets to illustrate the upstream and downstream feedback effects which are …
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Electricity markets rely on other upstream energy markets like oil, gas, and coal to provide the necessary fuel for generation. As both the electricity market and those upstream markets rely on networks, congestion on one market may lead to changes on another. In this paper we analyze the...
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