History of Economic Thought, Methodology, and Heterodox Approaches
NATURAL GAS TRADING IN EUROPE IN TERMS OF MARKET DISEQUILIBRIUM
Yuli Radev - UMG “St. Ivan Rilski”
Received: 10 Jun 2022
Revised:
Published:
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Issue 4/2014
JEL
B13
С23
H21
L24
L95
Abstract
The paper deducts the models of the static and dynamic disequilibrium on the base of more careful presentation of the classical concepts of market equilibrium, looking for the common origin, and the process of negotiation. The theory of disequilibrium is integrated with empirical researches of the gas sector in Europe, resulting in generalized comments.