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Increased Competition on the Supply Side of the Western European Natural Gas Market

Author

Listed:
  • Rolf Golombek
  • Eystein Gjelsvik
  • Knut Einar Rosendahl

Abstract

This paper analyzes how the supply side of the Western European natural gas market may react if the demand side becomes competitive. We show-using a numerical model of the Western European natural gas market-that once the demand side of the market is liberalized, each gasproducing country has an incentive to break up its gas sellers. The model therefore suggests that there may be numerous producers in a liberalized natural gas market. Hence, in a liberalized market consumers will not be exploited by suppliers.

Suggested Citation

  • Rolf Golombek & Eystein Gjelsvik & Knut Einar Rosendahl, 1998. "Increased Competition on the Supply Side of the Western European Natural Gas Market," The Energy Journal, , vol. 19(3), pages 1-18, July.
    • Handle: RePEc:sae:enejou:v:19:y:1998:i:3:p:1-18
    DOI: 10.5547/ISSN0195-6574-EJ-Vol19-No3-1
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    1. Stephen W. Salant & Sheldon Switzer & Robert J. Reynolds, 1983. "Losses From Horizontal Merger: The Effects of an Exogenous Change in Industry Structure on Cournot-Nash Equilibrium," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 98(2), pages 185-199.
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    More about this item

    Keywords

    Natural gas; competition; Liberalization; Natural gas production; Western Europe;
    All these keywords.

    JEL classification:

    • F0 - International Economics - - General

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