We study the welfare effects of Price Cap Regulation (PCR) and the strategic behavior it may induce in gas transportation networks by analyzing a stylized gas network within the framework of a multi-period game model under three scenarios: No regulation, a dynamic setting where the price cap...

We use a stylized gas system to study the use of access-to-gas storage in a seasonal model. In a duopoly setting, we find that welfare is higher under vertical integration and open access organization than under separate management of storage and distribution. This raises questions about recent...