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The Economic Impact of Price Controls on China’s Natural Gas Supply Chain

Author

Listed:
  • Bertrand Rioux
  • Philipp Galkin
  • Frederic Murphy
  • Axel Pierru
  • Artem Malov
  • Felipe Feijoo Palacios
  • Yan Li
  • Kang Wu

    (King Abdullah Petroleum Studies and Research Center)

Abstract

Despite significant progress made by China in liberalizing its natural gas market, certain key areas such as market access and pricing mechanisms remain heavily monopolized or controlled by the government. To assess how such distortions impact the market, we developed a Mixed Complementarity Problem model of China’s natural gas supply industry, calibrated to 2015 data.

Suggested Citation

  • Bertrand Rioux & Philipp Galkin & Frederic Murphy & Axel Pierru & Artem Malov & Felipe Feijoo Palacios & Yan Li & Kang Wu, 2018. "The Economic Impact of Price Controls on China’s Natural Gas Supply Chain," Discussion Papers ks-2018-dp31, King Abdullah Petroleum Studies and Research Center.
  • Handle: RePEc:prc:dpaper:ks-2018-dp31
    DOI: 10.30573/KS--2018-DP31
    as

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    File URL: https://www.kapsarc.org/research/publications/the-economic-impact-of-price-controls-on-chinas-natural-gas-supply-chain/
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    References listed on IDEAS

    as
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    Cited by:

    1. Weiwei Xiong & Liang Yan & Teng Wang & Yuguo Gao, 2020. "Substitution Effect of Natural Gas and the Energy Consumption Structure Transition in China," Sustainability, MDPI, Open Access Journal, vol. 12(19), pages 1-1, September.

    More about this item

    Keywords

    Energy Mix; Liquified Natural Gas (LNG); Mixed Complimentarity Problem (MCP) Model; National Oil Companies (NOCs); Natural Gas; Economic Modeling; Price Caps; Price Reform;

    JEL classification:

    • C6 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling
    • D2 - Microeconomics - - Production and Organizations
    • D4 - Microeconomics - - Market Structure, Pricing, and Design

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