Danışmanlığını Doç.Dr. Sencer Ecer hocamızın yaptığı ve öğrencilerimizden Alptegin Albayraktaroğlu ve Alican Kabaş’a ait olan “A Game Theoretic Model of Competition in an Energy Market” başlıklı bitirme tasarım projesinin özeti aşağıdaki gibidir.
This paper uses a game-theoretic model to examine the impact of full entry of Algeria into the European natural gas market. After estimating the demand function in the market using econometric techniques, the market is first modeled as a Cournot duopoly, then simulated as a Cournot triopoly, and the market price and production quantity levels of each actor are found in both games. In the first game, the market is assumed to function under the duopoly of Russia, and the combination of Norway and Netherlands. In the second game, Algeria enters this market. The game-changing impact of this entry is a significant reduction in price. Sensitivity analyses of cost changes are conducted at the end.