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Gas export pricing in Europe: how to balance ... - Konoplyanik.ru

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Pric<strong>in</strong>g of Non-Renewable Energy<br />

Resources: Ricardian vs. Hotell<strong>in</strong>g rent<br />

Ricardian rent + Hotell<strong>in</strong>g rent = Resource rent<br />

Price<br />

Economic growth<br />

Supply curve<br />

(cost of supply)<br />

Hotell<strong>in</strong>g<br />

rent<br />

Energy efficiency<br />

Under <strong>in</strong>fluence of consumers<br />

Replacement value-oriented<br />

price<br />

Ricardian rent<br />

Technology<br />

Demand curve<br />

Cost-oriented price<br />

Under <strong>in</strong>fluence of producers<br />

E&P (depletion policy)<br />

PC2<br />

PC1 Volume<br />

(Production capacity limit)<br />

A.<strong>Konoplyanik</strong>, UNECE <strong>Gas</strong> Work<strong>in</strong>g Group Experts Meet<strong>in</strong>g, Moscow, 30.03.2010 Slide 15

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