A dynamic supply side game applied to the european gas market
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- Discussion Papers 
This paper discusses optimal investment plans for large gas exporters to Western Europe. We discuss market power on the supply side, while assuming price taker behaviour on the demand side. A static game approach is compared to a dynamic, and we argue that the use of static game models does not capture important market forces. A dynamic Nash game, where the players can observe previous actions and react according to them, is introduced.