Strategic decisions under uncertainty in the entry-exit-system (B09)

• Subject Area: Economic Policy, Applied Economics
• Term: since 2018
• Project identifier: Deutsche Forschungsgemeinschaft (DFG) - Project number 239904186

We develop models and solution procedures which allow us to analyze strategic supply decisions of firms in gas markets. This in general results in solving equilibrium problems. Our focus in this context is on Multi-Leader-Follower-Games (MLFGs), where a group of agents in a first step (upper level) takes decisions anticipating decisions of another group of agents in a second step (lower level). Our planned analysis in the third phase is motivated by retailer-consumer relationships where several retailers first choose the details of the supply contracts offered, then consumers choose a contract and make their consumption decisions. As an important feature of the third phase we plan to include different risk aspects which are of crucial importance for consumer decisions on the lower level.

• DFG Programme: CRC/Transregios
• Subproject of: TRR 154: Mathematical modelling, simulation and optimization using the example of gas networks
• Applicant Institution: Friedrich-Alexander-Universität Erlangen-Nürnberg
• Project Heads: Professorin Dr. Alexandra Schwartz, until 6/2022; Professorin Dr. Andrea Walther, since 7/2022; Professor Dr. Gregor Zöttl