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We develop a dynamic model of strategic investment in a transnational pipeline system. In the absence of international …
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Gazprom, the dominant gas company in Russia, is widely believed to be the key supplier of gas to Europe in the … prices and sufficient production capacities are vital to maintain Gazpromś market share in Europe over the next decade. At … spot trades in Europe may encourage Gazprom to exercise market power in its export markets. …
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