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Natural gas trading in Europe in terms of market disequilibrium

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  • Yuli Radev

Abstract

The paper deducts the models of the static and dynamic disequilibrium on the base of more careful presentation of the classical concepts of market equilibrium, looking for the common origin, and the process of negotiation. The theory of disequilibrium is integrated with empirical researches of the gas sector in Europe, resulting in generalized comments.

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  • Yuli Radev, 2014. "Natural gas trading in Europe in terms of market disequilibrium," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 4, pages 3-18,19-33.
    • Handle: RePEc:bas:econth:y:2014:i:4:p:3-18,19-33
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    More about this item

    JEL classification:

    • B13 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Wicksellian)
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation
    • L24 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Contracting Out; Joint Ventures
    • L95 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Gas Utilities; Pipelines; Water Utilities

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