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Paper Information

Journal:   ECONOMIC MODELLING   Spring 2019 , Volume 13 , Number 1 (45) ; Page(s) 47 To 72.

Iran and Qatar Cooperation in Gas Production from South Pars (North Dome) Gas-Condensate Field: A Game Theory Framework

Author(s):  Bayati Elmira*, SAFAVI BIJAN, Jafarzadeh Amir
* South Tehran Azad University, Tehran, Iran
The purpose of this article is to examine the cooperation between Iran and Qatar in withdrawal of shared reservoirs of South Pars gas field (in Qatar: North Dome) by using game theory. The failure of a credible international agreement in determining the magnitude of the exploitation has led Qatar to become more promising by investing more in its oil and gas industries than Iran; this imbalance has caused a rash and pernicious competition. Following this incident, the main purpose of the paper is to examine the type of communication (cooperative or non-cooperative) through the game theory to achieve an optimal economic strategy for Iran. Results based on non-cooperative game design, solving methods through methods of elimination of dominated strategies (dominate strategies equilibrium), and Nash equilibrium showed that choosing the non-cooperative strategy is optimized for both countries and non-cooperation has more economic benefits for Iran.
Keyword(s): JEL Classification:C72,L95,Q49.Keywords:South Pars Gas Field (Qatar:North Dome),Game Theory,Non-Cooperative Games,Elimination of Dominated Strategies,Nash Equilibrium
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