› › Long Term Contracts And Asset Specificity Revisited

Vertical Natural Gas Transportation Capacity, Upstream Commodity Contracts, and EU Competition Law

Author : Kim Talus

Publisher : Kluwer Law International B.V.

Page : 346 pages

File Size : 24,11 MB

Release : 2011-01-01

Category : Law

ISBN : 9041134077

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Book Description

Because the EU depends on a very small number of external suppliers for its natural gas, energy security issues inevitably arise. In theory, competition law should regulate and adjudicate such issues. Yet, because contracts between EU companies and producers are highly sensitive and politically charged, the application of EU competition law to natural gas contracts is far from clear. This important book, drawing on ECJ case law, Commission administrative cases and inquiries, and the full range of relevant legal and economic theory, provides an extremely valuable and detailed study of how EU competition law can be applied to long-term natural gas capacity reservation and commodity contracts. Issues and topics such as the following arise in the course of the analysis: Third Gas Market Directive provisions; Article 102 TFEU cases on strategic under-investment; pre-liberation or "legacy" gas contracts (e.g., with Algeria and Russia); "right of first refusal"; take-or-pay requirement; third-party access; ownership unbundling; effect of elimination of priority access regimes; short-term trading; spot markets; and law and economics of vertical restraints. Focusing on the foreclosing effect of long-term upstream commodity contracts, the author recommends restrictions on the use of capacity reservation contracts, and analyses the efficacy of security of supply as a competition law defence in cases relating to such contracts.



Contract Law and Economics

Author : Gerrit de Geest

Publisher : Edward Elgar Publishing

Page : 497 pages

File Size : 46,35 MB

Release : 2010-10

Category : Law

ISBN : 1849806640

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Book Description

This unique and timely book offers an up-to-date, clear and comprehensive review of the economic literature on contract law. The topical chapters written by leading international scholars include: precontractual liability, misrepresentation, duress, gratuitous promises, gifts, standard form contracts, interpretation, contract remedies, penalty clauses, impracticability and foreseeability. Option contracts, warranties, long-term contracts, marriage contracts, franchise contracts, quasi-contracts, behavioral approaches, and civil contract law are also discussed. This excellent resource on contract law and economics will be particularly suited to contract law scholars, law teachers, policy makers, and judges. For experts in and practitioners of contract law this will be a key book to buy.



Competition, Contracts and Electricity Markets

Author : Jean-Michel Glachant

Publisher : Edward Elgar Publishing

Page : 335 pages

File Size : 10,63 MB

Release : 2011

Category : Business & Economics

ISBN : 184980480X

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Book Description

This book fills a gap in the existing literature by dealing with several issues linked to long-term contracts and the efficiency of electricity markets. These include the impact of long-term contracts and vertical integration on effective competition, generation investment in risky markets, and the challenges for competition policy principles. On the one hand, long-term contracts may contribute to lasting generation capability by allowing for a more efficient allocation of risk. On the other hand, they can create conditions for imperfect competition and thus impair short-term efficiency. The contributors – prominent academics and policy experts with inter-disciplinary perspectives – develop fresh theoretical and practical insights on this important concern for current electricity markets. This highly accessible book will strongly appeal to both academic and professional audiences including scholars of industrial, organizational and public sector economics, and competition and antitrust law. It will also be of value to regulatory and antitrust authorities, governmental policymakers, and consultants in electricity law and economics.



Market Building through Antitrust

Author : Adrien de Hauteclocque

Publisher : Edward Elgar Publishing

Page : 225 pages

File Size : 50,38 MB

Release : 2013-12-27

Category : Technology & Engineering

ISBN : 085793774X

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Book Description

By mixing legal, political and economic perspectives, this book will appeal to a wide range of readers from academia in law, economics and political science, regulatory and competition authorities, as well as legal and consulting practices and business



Politics of Energy Dependency

Author : Margarita M. Balmaceda

Publisher : University of Toronto Press

Page : 465 pages

File Size : 20,81 MB

Release : 2014-01-31

Category : Political Science

ISBN : 1442667141

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Book Description

Energy has been an important element in Moscow’s quest to exert power and influence in its surrounding areas both before and after the collapse of the USSR. With their political independence in 1991, Ukraine, Belarus, and Lithuania also became, virtually overnight, separate energy-poor entities heavily dependent on Russia. This increasingly costly dependency – and elites’ scrambling over associated profits – came to crucially affect not only relations with Russia, but the very nature of post-independence state building. The Politics of Energy Dependency explores why these states were unable to move towards energy diversification. Through extensive field research using previously untapped local-language sources, Margarita M. Balmaceda reveals a complex picture of local elites dealing with the complications of energy dependency and, in the process, affecting the energy security of Europe as a whole. A must-read for anyone interested in Eastern Europe, Russia, and the politics of natural resources, this book reveals the insights gained by looking at post-Soviet development and international relations issues not only from a Moscow-centered perspective, but from that of individual actors in other states.



Control Systems and Mathematical Methods in Economics

Author : Gustav Feichtinger

Publisher : Springer

Page : 443 pages

File Size : 11,71 MB

Release : 2018-06-08

Category : Business & Economics

ISBN : 3319751697

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Book Description

Since the days of Lev Pontryagin and his associates, the discipline of Optimal Control has enjoyed a tremendous upswing – not only in terms of its mathematical foundations, but also with regard to numerous fields of application, which have given rise to highly active research areas. Few scholars, however, have been able to make contributions to both the mathematical developments and the (socio-)economic applications; Vladimir Veliov is one of them. In the course of his scientific career, he has contributed highly influential research on mathematical aspects of Optimal Control Theory, as well as applications in Economics and Operations Research. One of the hallmarks of his research is its impressive breadth. This volume, published on the occasion of his 65th birthday, accurately reflects that diversity. The mathematical aspects covered include stability theory for difference inclusions, metric regularity, generalized duality theory, the Bolza problem from a functional analytic perspective, and fractional calculus. In turn, the book explores various applications of control theory, such as population dynamics, population economics, epidemiology, optimal growth theory, resource and energy economics, environmental management, and climate change. Further topics include optimal liquidity, dynamics of the firm, and wealth inequality.



Climate Policy and Nonrenewable Resources

Author : Karen Pittel

Publisher : MIT Press

Page : 305 pages

File Size : 45,34 MB

Release : 2014-08-15

Category : Business & Economics

ISBN : 0262027887

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Book Description

Too rapidly rising carbon taxes or the introduction of subsidies for renewable energies induce owners of fossil fuel reserves to increase their extraction rates for fear of their reserves becoming worthless. Fossil fuel use is thus brought forward. The resulting acceleration of global warming and counter-productivity of well-intended climate policy has been coined the Green Paradox. This volume presents a range of studies extending the basic analysis to allow for clean energy alternatives, dirty energy alternatives, and the intricate strategic issues between different countries on the globe.



The EU in a Trans-European Space

Author : Serena Giusti

Publisher : Springer

Page : 276 pages

File Size : 46,34 MB

Release : 2019-02-19

Category : Political Science

ISBN : 3030036790

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Book Description

This book examines political, social, and economic interactions in highly interconnected areas, stretching from Europe to Eastern Europe, North Africa, the Middle East, and East Asia, labelled as Trans-Europe. The first part of the book focuses on the interests of several leading actors in Trans-Europe. The second part deals with the actions of national actors trying to compete with the EU influence in their shared neighbourhood. The third part studies cross-border issues, such as economic dynamics, migration flows and energy markets in the Trans-European space.



Economics of Energy Security

Author : Honorata Nyga-Łukaszewska

Publisher : Taylor & Francis

Page : 205 pages

File Size : 27,4 MB

Release : 2024-02-02

Category : Business & Economics

ISBN : 1003819028

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Book Description

There has been a burgeoning interest in energy security in recent years due to the transformation of the energy landscape through deepening market deregulation, rising environmental challenges, growing energy hunger, and significant political changes. Depicting energy security as an evolving concept that absorbs economic and political conditions, this book adopts an economic approach to energy security in the international gas market. Uniquely, the book explores the theoretical assumptions and practical consequences attached to both demand and supply-side security in global energy markets. It investigates why energy exporters are so protective of independence in energy exports. The book also looks at the critically important issue of environmental aspects of energy security, particularly around climate change. It also analyses the potential for a cartel in the international gas market, similarly to the oil industry. This book will be of much interest to readers in energy economics, energy security, energy policy, IR/security studies, and relevant policy-makers.



The Uncertainty-Governance Choice Puzzle Revisited

Author : Franziska König

Publisher : Springer Science & Business Media

Page : 358 pages

File Size : 39,55 MB

Release : 2009-06-20

Category : Business & Economics

ISBN : 3834994499

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Book Description

Franziska König examines the anatomy of uncertainty-governance choice relationships from different theoretical angles, including transaction costs economics, resource-based theory, and real options theory. The book provides, furthermore, comprehensive empirical insights both from secondary data examined with a “vote-counting” analysis as well as from primary data, collected through a “policy-capturing” study.