Analyzing the effects of import liberalization in the Turkish natural gas market
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Date
2017
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Taylor & Francis inc
Abstract
In this paper, we analyze the economic consequences of full import liberalization of the Turkish natural gas market. For this purpose, we build a simple game-theoretic model where exporters of natural gas may face supply constraints. We first derive equilibrium quantity and market price analytically with and without capacity constraints of the exporters. Then, we compute estimates of equilibrium quantity and prices using calibrated demand functions. Our results suggest that full market liberalization will bring huge economic gains to the Turkish consumers.
Description
Hasanov, Mübariz/0000-0003-0216-9531; Hasanov, Mubariz/0000-0003-0216-9531
Keywords
Capacity constraints, import liberalization, Turkish natural gas market
Turkish CoHE Thesis Center URL
Citation
4
WoS Q
Q3
Scopus Q
Q2
Source
Volume
12
Issue
3
Start Page
237
End Page
242