Hubert, Franz; Ikonnikova, Svetlana - Universität <Berlin, Humboldt-Universität> / Chair … - 2004
We analyze how investment into the pipeline system supplying Russian natural gas to WesternEurope is distorted for strategic reasons. We use a two stage multilateral bargaining game amongheterogenous players, some lacking the ability to make long-term commitments. At the first stagethe players...