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This article presents a stochastic dynamic Generalized Nash-Cournot model to describe the evolution of the natural gas markets. The major gas chain players are depicted including: producers, consumers, storage, and pipeline operators, as well as intermediate local traders. Our economic structure...
Persistent link: https://www.econbiz.de/10011106572
This article presents an application of S-GaMMES in order to study the evolution of the natural gas trade in northwestern Europe. S-GaMMES is a stochastic dynamic Generalized Nash-Cournot model that describes the evolution of the natural gas markets. The major gas chain players are depicted...
Persistent link: https://www.econbiz.de/10009393093
This article presents a stochastic dynamic Generalized Nash-Cournot model to describe the evolution of the natural gas markets. The major gas chain players are depicted including: producers, consumers, storage, and pipeline operators, as well as intermediate local traders. Our economic structure...
Persistent link: https://www.econbiz.de/10009393094
Population games describe strategic interactions among large numbers of small, anonymous agents. Behavior in these games is typically modeled dynamically, with agents occasionally receiving opportunities to switch strategies, basing their choices on simple myopic rules called revision protocols...
Persistent link: https://www.econbiz.de/10014025446
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