Publisher:
TÜSİAD- Koç University Economic Research Forum, Istanbul
We use cooperative game theory to analyze the impact of three controversial pipeline projects on the power structure in the Eurasian trade of natural gas. Two of them, Nord Stream and South Stream, allow Russian gas to bypass transit countries,...
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ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
Signature:
DS 133 (2012,24)
Inter-library loan:
No inter-library loan
We use cooperative game theory to analyze the impact of three controversial pipeline projects on the power structure in the Eurasian trade of natural gas. Two of them, Nord Stream and South Stream, allow Russian gas to bypass transit countries, Ukraine and Belarus. Nord Stream's strategic value turns out to be huge, justifying the high investment cost for Germany and Russia. The additional leverage obtained through South Stream, in contrast, appears small. The third project, Nabucco, aims at diversifying Europe's gas imports by accessing producers in Middle East and Central Asia. It curtails Russia's power, but the benefits accrue mainly to Turkey, while the gains for the EU are negligible. -- Bargaining Power ; Network ; Trade links ; Natural Gas
Publisher:
FIW - Research Centre International Economics, Vienna
We use cooperative game theory to analyze the strategic impact of three controversial pipeline projects. Two of them, Nord Stream and South Stream, allow Russian gas to bypass transit countries, Ukraine and Belarus. Nord Stream's strategic value...
more
ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
Signature:
DS 521 (93)
Inter-library loan:
No inter-library loan
We use cooperative game theory to analyze the strategic impact of three controversial pipeline projects. Two of them, Nord Stream and South Stream, allow Russian gas to bypass transit countries, Ukraine and Belarus. Nord Stream's strategic value turns out to be huge, justifying the high investment cost for Germany and Russia. The additional leverage obtained through South Stream, in contrast, appears small. The third project, Nabucco, aims at diversifying Europe's gas imports by accessing producers in Middle East and Central Asia. The project has a large potential to curtail Russia's power, but the benefits accrue mainly to Turkey, while the gains for the EU are negligible.
