The effects of risk preferences on investments and trade in the natural gas market
In this thesis we have developed and solved a multi-stage stochastic mixed complementarity problem (MCP) for a natural gas market that accounts for market power and risk averse behaviour amongst producers using the risk measure conditional value at risk (CV@R). The model treats different sources of natural gas as separate resources, and accounts for endogenous expansions of production capacities, pipeline capacities and natural gas reserves.
Place, publisher, year, edition, pages
Institutt for industriell økonomi og teknologiledelse , 2014. , 167 p.
IdentifiersURN: urn:nbn:no:ntnu:diva-26401Local ID: ntnudaim:10861OAI: oai:DiVA.org:ntnu-26401DiVA: diva2:747479
Egging, Rudolf, FørsteamanuensisPichler, Alois