Transportation and storage under a dynamic price cap regulation process

Michèle Breton, Mohammed Kharbach
2012 Energy Economics  
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 adjustment mechanism is not endogenized by the players, and a dynamic setting where it is endogenized by the players.
doi:10.1016/j.eneco.2012.04.009 fatcat:kdlldli5mbbmnpdvi6vxjsj5pi