Endogenous production capacity investment in natural gas market equilibrium models |
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| Authors: | Daniel Huppmann |
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| Affiliation: | German Institute for Economic Research (DIW Berlin), Mohrenstraße 58, 10117 Berlin, Germany |
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| Abstract: | The large-scale natural gas equilibrium model applied in Egging, 2013 combines long-term market equilibria and investments in infrastructure while accounting for market power by certain suppliers. Such models are widely used to simulate market outcomes given different scenarios of demand and supply development, environmental regulations and investment options in natural gas and other resource markets. |
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| Keywords: | Natural gas Equilibrium model Endogenous investment Capacity expansion Logarithmic cost function |
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