IDEAS home Printed from https://ideas.repec.org/p/ris/iisecd/2009_009.html
   My bibliography  Save this paper

Aproching Optimal Depletion Path: Natural Gas Market in Bolivia

Author

Listed:
  • Aliaga, Javier

    (IISEC, Universidad Católica Boliviana)

Abstract

This exercise tries to be the first approach in order to understand the overall feedback effects of price path over optimal depletion rate in natural gas market in Bolivia. The simulations attempt to reproduce year-by-year evolution of natural gas depletion. While the initial conditions, parameters the model corresponds to exogenous measures in non linear optimal scheme. Therefore, the numerical values shown in the simulation should not be interpreted as forecasts. Some preliminary key result shows that: opportunity cost of depletion is high especially the first years; companies have low incentives to stop depletion or to be cost-efficient; the effective gas sales to regional markets is not enough yet; contract operation might regards in higher discount rate; exogenous commodity price bid up pressures depletion rate; companies hold expensive ratios of useless reserves related to possible market sales; it is not probable that price path converge with optimal depletion rate neither in short or long run and vice versa. Instituto de Investigaciones Socio - Económicas; IISEC

Suggested Citation

  • Aliaga, Javier, 2009. "Aproching Optimal Depletion Path: Natural Gas Market in Bolivia," Documentos de trabajo 9/2009, Instituto de Investigaciones Socio-Económicas (IISEC), Universidad Católica Boliviana.
    • Handle: RePEc:ris:iisecd:2009_009
    as

    Download full text from publisher

    File URL: http://www.iisec.ucb.edu.bo/assets_iisec/publicacion/2009-9.pdf
    File Function: Full text
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Depletion rate; Discount rate; Natural gas; Price path; Instituto de Investigaciones Socio - Económicas; IISEC;
    All these keywords.

    JEL classification:

    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:iisecd:2009_009. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tirza Aguilar (email available below). General contact details of provider: https://edirc.repec.org/data/iisecbo.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.