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We analyze the relation between European natural gas storage facilities and price patterns at major trading points, considering the theory of storage to derive a testable hypothesis imposed by the non-arbitrage condition. To model the efficiency of the natural gas market, we apply two indirect...
Persistent link: https://www.econbiz.de/10010265029
The European Commission has intensively discussed the mandatory separation of natural gas transmission from production …
Persistent link: https://www.econbiz.de/10010312732
We analyze the relation between European natural gas storage facilities and price patterns at major trading points, considering the theory of storage to derive a testable hypothesis imposed by the non-arbitrage condition. To model the efficiency of the natural gas market, we apply two indirect...
Persistent link: https://www.econbiz.de/10003779200
Persistent link: https://www.econbiz.de/10003313819
Persistent link: https://www.econbiz.de/10010489832
In 2007, Germany changed network access regulation in the natural gas sector and introduced a so-called entry-exit system. The re-regulation's spot market effects remain to be examined. We use cointegration analysis and a state space model with time-varying coefficients to study the development...
Persistent link: https://www.econbiz.de/10009743590
Persistent link: https://www.econbiz.de/10011350229
The European Commission has intensively examined the mandatory separation of natural gas transmission from production …
Persistent link: https://www.econbiz.de/10010959314
The European Commission has intensively discussed the mandatory separation of natural gas transmission from production …
Persistent link: https://www.econbiz.de/10009275456
We analyze the relation between European natural gas storage facilities and price patterns at major trading points, considering the theory of storage to derive a testable hypothesis imposed by the non-arbitrage condition. To model the efficiency of the natural gas market, we apply two indirect...
Persistent link: https://www.econbiz.de/10014206835