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G-87-24

A Stochastic Dynamic Nash-Cournot Model for the European Gas Market

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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.

, 38 pages

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