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Gas thin markets:insights from bargaining and networks models

Author

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  • Matteo Maria GALIZZI

Abstract

Several results from bargaining and networks microeconomic literature are presented and their main insights and applications to bilateral market power and price formation in gas thin markets are discussed. Bargaining models encompass the bilateral Rubinstein negotiations, bargaining between a single seller and two buyer, both symmetric and heterogeneous and negotiations in bilateral oligopolies. Models of price formation both in fixed and in endogenously formed buyers-sellers networks are also discussed.

Suggested Citation

  • Matteo Maria GALIZZI, 2006. "Gas thin markets:insights from bargaining and networks models," Departmental Working Papers 2006-012, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    • Handle: RePEc:mil:wpdepa:2006-012
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    More about this item

    Keywords

    Gas Industry; Bargaining; Networks; Thin markets;
    All these keywords.

    JEL classification:

    • D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection
    • D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection
    • D85 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Network Formation
    • L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services
    • L71 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Hydrocarbon Fuels
    • L7 - Industrial Organization - - Industry Studies: Primary Products and Construction

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