The Supply, Demand, and Average Price of Natural Gas under Free-Market Conditions
Jack W. Wilkinson
Abstract
Jack W. Wilkinson
Abstract
Editor's note: The following paper is of particular interest because the model it summarizes is based an a market equilibration process that generates gas prices differently than the models discussed in our special issue on gas deregulation (October 1982). It should be pointed out that while this paper was reviewed by a panel of expert readers, it has not undergone the anonymous refereeing process that is standard for scholarly papers published in The Energy Journal.
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Editor's note: The following paper is of particular interest because the model it summarizes is based an a market equilibration process that generates gas prices differently than the models discussed in our special issue on gas deregulation (October 1982). It should be pointed out that while this paper was reviewed by a panel of expert readers, it has not undergone the anonymous refereeing process that is standard for scholarly papers published in The Energy Journal.
Key concepts: Deregulation, Economics, Natural gas, Supply and demand, Process (computing), Microeconomics, Macroeconomics, Computer science