Game of timing in gas pipeline projects competition: simulation software and generalized equilibrium solutions

Kryazhimskiy A, Nikonov O, & Minullin Y (2006). Game of timing in gas pipeline projects competition: simulation software and generalized equilibrium solutions. In: Advances in Dynamic Games. Annals of the International Society of Dynamic Games, 8 . pp. 237-252 U.S.A.: Birkhäuser Boston. ISBN 978-0-8176-4501-4 DOI:10.1007/0-8176-4501-2_14.

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Abstract

Many models of energy market development and decision-making processes take into account the competition between energy suppliers, and the theory of games is an appropriate tool to study these problems.

This chapter is devoted to numerical analysis and modification of the game-theoretical gas market model developed by Klaassen, Kryazhimskii, and Tarasyev. We describe a software G-TIME elaborated for this purpose and the results of a simulation and sensitivity analysis on the data of the Turkish gas market. The last section deals with the notion of a generalized Nash equilibrium, which seems to be useful for taking risk and uncertainty into account. The research is based on approaches and methods developed in [1–10].

Item Type: Book Section
Research Programs: Dynamic Systems (DYN)
Depositing User: Romeo Molina
Date Deposited: 13 May 2016 08:39
Last Modified: 13 May 2016 08:39
URI: http://pure.iiasa.ac.at/13201

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