“Modeling transfer profits as externalities in a cooperative game-theoretic model of natural gas networks” by László Á. Kóczy, Balázs Sziklai et.al in Energy Economics:
Existing cooperative game theoretic studies of bargaining power in gas pipeline systems are based on the so called characteristic function form (CFF). This approach is potentially misleading if some pipelines fall under regulated third party access (TPA). TPA, which is by now the norm in the EU, obliges the owner of a pipeline to transport gas for others, provided they pay a regulated transport fee. From a game theoretic perspective, this institutional setting creates so called “externalities”, the description of which requires partition function form (PFF) games. In this paper we propose a method to compute payoffs, reflecting the power structure, for a pipeline system with regulated TPA. The method is based on an iterative flow mechanism to determine gas flows and transport fees for individual players and uses the recursive core and the minimal claim function to convert the PPF game back into a CFF game, which can be solved by standard methods. We illustrate the approach with a simple stylized numerical example of the gas network in Central Eastern Europe with a focus on Ukraine’s power index as a major transit country.
Venue: MTA HTK 1097 Budapest Tóth Kálmán u. 4. fszt. K0.11-12 Célzott K&F adókedvezmény hatása termékpiaci verseny esetén A legtöbb országban az adótörvények lehetőséget biztosítanak a cégek számára, hogy k&f tevékenységükhöz kapcsolódóan adóalap-kedvezményt, és adott esetben ... Details »
Venue: MTA Humán Tudományok Kutatóháza, 1097 Budapest, Tóth Kálmán utca 4. földszinti K11-12. sz. előadóterem Neszveda Gábor (Corvinus) Aspiration Level, Probability of Success, and Stock Returns: An Empirical Test The probability of achieving the aspiration level, i.e., the probability ... Details »
“Zero-rating and Net Neutrality” was presented by Róbert SOMOGYI at the 24th Spring Meeting of Young Economists in Brussels. conference website Share this:FacebookLinkedInTwitter
“Foreign-owned firms as agents of structural change in regions” by Zoltán ELEKES, Ron BOSCHMA and Balázs LENGYEL was published in Regional Studies. download open access version ... Details »
Wage Structure, Employment and Efficiency was presented by Balázs REIZER at the Royal Economic Society 2019 Annual Conference. conference website Abstract: I document new facts ... Details »