A Small Scale, Partial Equilibrium Model of Natural Gas Markets: Responses to Alternative Deregulation Scenarios and Oil Price Changes

This article presents the methodology and results of modelling for the analysis on energy affordability and assessing the impact of a possible value added tax increase on the affordability of households to consume adequate levels of natural gas, electricity and heat. The analysis of the reform impact of the subsidy schemes is based on a partial equilibrium model which measures the impact of reforms on energy affordability of different householder groups and budgetary revenue and expenditure, but also on greenhouse gas emissions. Using of targeted social policies generates a budget surplus that can be allocated to energy

Download Full-text

How regional natural gas markets have reacted to oil price shocks before and since the shale gas revolution: A multi-scale perspective

Journal of Natural Gas Science and Engineering ◽

10.1016/j.jngse.2016.11.020 ◽

2016 ◽

Vol 36 ◽

pp. 734-746 ◽

Cited By ~ 21

Author(s):

Jiang-Bo Geng ◽

Qiang Ji ◽

Ying Fan

Keyword(s):

Natural Gas ◽

Shale Gas ◽

Oil Price ◽

Oil Price Shocks ◽

Price Shocks ◽

Multi Scale ◽

Natural Gas Markets ◽

Gas Markets

Download Full-text

A Mixed Complementarity-Based Equilibrium Model of Natural Gas Markets

Operations Research ◽

10.1287/opre.1040.0199 ◽

2005 ◽

Vol 53 (5) ◽

pp. 799-818 ◽

Cited By ~ 83

Author(s):

Steven A. Gabriel ◽

Supat Kiet ◽

Jifang Zhuang

Keyword(s):

Natural Gas ◽

Equilibrium Model ◽

Natural Gas Markets ◽

Gas Markets

Download Full-text

Effects of Cooking Oil Subsidy Removals on Related Markets in Malaysia: A Comparative Static, Multicommodity, Multi Stage Production Approach

International Journal of Management Studies ◽

10.32890/ijms.18.2.2011.10351 ◽

2011 ◽

Author(s):

Jamal Othman ◽

Yaghoob Jafari

Keyword(s):

Equilibrium Model ◽

Comparative Statics ◽

Partial Equilibrium ◽

Cooking Oil ◽

Multi Stage ◽

Supply Factor ◽

Partial Equilibrium Model ◽

Factor Markets ◽

Input Markets ◽

Production Approach

Malaysia is contemplating removal of most of her subsidy support measures including subsidies on cooking oil which is largely palm oil based. This paper aims to examine the effects of cooking oil subsidy removals on the competitiveness of the oil palm subsector and related markets. This is done by developing and applying a comparative static, multi-commodity, partial equilibrium model with multi-stages of production function for the Malaysian perennial crops subsector which explicitly links different stages of production, primary and intermediate input markets, trade, and policy linkages. Results partly suggest that export of cooking oil will increase by 0.2 per cent due to a 10 per cent cooking oil subsidy reduction, while domestic output of cooking oil may eventually see a net decline of 1.97 per cent. The results clearly point out that the effect of reducing cooking oil subsidies is relatively small at the upstream levels and therefore it only induces minute effects on factor markets. Consequently, the market for other agricultural crops is projected to change very marginally. Keywords: Multicomodity, comparative statics, partial equilibrium model, output supply-factor markets linkages, effects of cooking oil subsidy removals.

Download Full-text