“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. K011-12-es előadóterem Inequality is rising where social network segregation interacts with urban topology Gergő Tóth, Johannes Wachs, Riccardo Di Clemente, Ákos Jakobi, Bence Ságvári, János Kertész ... Details »
Venue: Budapest, Fővám tér 8. 1093 The Financial Research Centre, Department of Finance, Corvinus Business School, Corvinus University of Budapest and the Game Theory Research Group, Centre for Economic and Regional Studies, ... Details »
Venue: MTA HTK 1097 Budapest Tóth Kálmán u. 4. fszt. K011-12-es előadóterem The Cost of Favouritism in Public Procurement Bruno Baránek Department of Economics, Princeton University Vítézslav Titl Faculty of Economics and Business, University of Leuven ... Details »
Trading Networks with Frictions by Tamás FLEINER, Ravi JAGADEESAN, Zsuzsanna JANKÓ and Alexander TEYTELBOYM was published in Econometrica. download article here Share this:FacebookLinkedInTwitter
“The multiplier effect of local food: the protocol of a systematic review” was presented by Imre FERTŐ at the EAAE (European Association of Agricultural ... Details »
“Agricultural soft budget constraints in new European Union member states” by Imre FERTŐ, Štefan Bojnec, József Fogarasi and Ants Hannes Viira was published in ... Details »