A Survey of GECF Effects on Extraction of Gas Reserves: A Game-Theoretic Approach
This paper considers the impact of the establishment of a gas cartel on extraction of this exhaustible resource. A simple intertemporal extraction model suggests a linear extraction rule with slope term common when discount rates are homogenous and differences in pricing behavior and costs determine...
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Format: | Article |
Language: | fas |
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Allameh Tabataba'i University Press
2012-09-01
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Series: | Pizhūhishnāmah-i Iqtiṣād-i Inirzhī-i Īrān |
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Online Access: | https://jiee.atu.ac.ir/article_2559_de7b52249f88bff1f14cdeca8522d772.pdf |
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author | Ghahraman Abdoli Pejman Amidi |
author_facet | Ghahraman Abdoli Pejman Amidi |
author_sort | Ghahraman Abdoli |
collection | DOAJ |
description | This paper considers the impact of the establishment of a gas cartel on extraction of this exhaustible resource. A simple intertemporal extraction model suggests a linear extraction rule with slope term common when discount rates are homogenous and differences in pricing behavior and costs determine the intercept. As a result of comparing the amount of extraction in various market structures, we find out that when the market structure changes from competitive form to Stackelberg leader game, the amount of extraction decreases. Panel data regression exhibits a robust and stable linear extraction-reserves relationship and a significantly lower estimated slope within the countries with larger amounts of reserves. Moreover, this finding may be explained by the differences in discount rates. |
first_indexed | 2024-03-08T17:44:24Z |
format | Article |
id | doaj.art-f1dd4093a6c54b3b88716181c8c26d97 |
institution | Directory Open Access Journal |
issn | 2423-5954 2476-6437 |
language | fas |
last_indexed | 2024-03-08T17:44:24Z |
publishDate | 2012-09-01 |
publisher | Allameh Tabataba'i University Press |
record_format | Article |
series | Pizhūhishnāmah-i Iqtiṣād-i Inirzhī-i Īrān |
spelling | doaj.art-f1dd4093a6c54b3b88716181c8c26d972024-01-02T10:44:26ZfasAllameh Tabataba'i University PressPizhūhishnāmah-i Iqtiṣād-i Inirzhī-i Īrān2423-59542476-64372012-09-01141171442559A Survey of GECF Effects on Extraction of Gas Reserves: A Game-Theoretic ApproachGhahraman Abdoli0Pejman Amidi1انشیار دانشکده اقتصاد دانشگاه تهراندانشجوی کارشناسی ارشد دانشکده اقتصاد دانشگاه تهرانThis paper considers the impact of the establishment of a gas cartel on extraction of this exhaustible resource. A simple intertemporal extraction model suggests a linear extraction rule with slope term common when discount rates are homogenous and differences in pricing behavior and costs determine the intercept. As a result of comparing the amount of extraction in various market structures, we find out that when the market structure changes from competitive form to Stackelberg leader game, the amount of extraction decreases. Panel data regression exhibits a robust and stable linear extraction-reserves relationship and a significantly lower estimated slope within the countries with larger amounts of reserves. Moreover, this finding may be explained by the differences in discount rates.https://jiee.atu.ac.ir/article_2559_de7b52249f88bff1f14cdeca8522d772.pdfcartelgasextractionreserveexhaustible resource |
spellingShingle | Ghahraman Abdoli Pejman Amidi A Survey of GECF Effects on Extraction of Gas Reserves: A Game-Theoretic Approach Pizhūhishnāmah-i Iqtiṣād-i Inirzhī-i Īrān cartel gas extraction reserve exhaustible resource |
title | A Survey of GECF Effects on Extraction of Gas Reserves: A Game-Theoretic Approach |
title_full | A Survey of GECF Effects on Extraction of Gas Reserves: A Game-Theoretic Approach |
title_fullStr | A Survey of GECF Effects on Extraction of Gas Reserves: A Game-Theoretic Approach |
title_full_unstemmed | A Survey of GECF Effects on Extraction of Gas Reserves: A Game-Theoretic Approach |
title_short | A Survey of GECF Effects on Extraction of Gas Reserves: A Game-Theoretic Approach |
title_sort | survey of gecf effects on extraction of gas reserves a game theoretic approach |
topic | cartel gas extraction reserve exhaustible resource |
url | https://jiee.atu.ac.ir/article_2559_de7b52249f88bff1f14cdeca8522d772.pdf |
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