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This paper investigates the potential impact of divestiture of the natural gas market monopoly in terms of supply quantity, price, and social welfare. The empirical application is focused on the case of the Korean natural gas market. The simulation is performed with different behavioral assumptions after divestiture, such as the current regulatory scheme, marginal cost (MC) pricing, and Cournot competition...
The objective of this paper was to evaluate the performance of the natural gas industry using an inter-country comparison of productivity level and its determinants. Three methodologies: multilateral Törnqvist productivity analysis; managerial index system analysis; and non-parametric efficiency analysis, are employed to make a methodological cross-checking and to perform diversified analysis. From...
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