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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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We develop a dynamic model of strategic investment in a transnational pipeline system. In the absence of international contract enforcement, countries may distort investment in order to increase their bargaining power, resulting in overinvestment in expensive and underinvestment in cheap...
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Der An-und Verkauf von Erdgas an Großhandelsmärkten wird in einem zunehmend liberalisierten Gasmarkt auch in Kontinentaleuropa weiter an Bedeutung gewinnen. Die Preise an diesen Märkten bilden sich aus Angebot und Nachfrage; wie in jeder netzgebundenen Industrie kommt der Infrastruktur und...
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