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. In an application, we then study the role of distance and time in statistically explaining price dispersion across 32 … estimation of distance and time effects, and their interaction. We find an effect of distance that declines significantly over …
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disaggregated consumer price index (CPI) data we confirm previous results which showed that the distance between European cities …, but distance and border still matter for intra-European relative price volatility. …
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Gas exports to the Continent are regulated by long term take-or-pay contracts. The contracts are described and analyzed. We thereafter examine whether the most central European gas market, the German market, is integrated. Are there substantial price differences between gas from different export...
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