G-87-24
A Stochastic Dynamic Nash-Cournot Model for the European Gas Market
, , , and BibTeX reference
A model is presented for looking at the main characteristics of long term gas contracts. The problem is formulated as a dynamic stochastic multimarket model where the producers follow a Nash-Cournot behavious. Contracts are supposed to represent the trade flows and price evolutions. The model is applied to the European market.
Published October 1987 , 38 pages