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1. International market integration for natural gas?

   a cointegration analysis of gas prices in Europe, North America and Japan
   Contributor: L'Hégaret, Guillaume (Mitwirkender)

   Published: 2003

   Publisher:  DIW, Berlin

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   Source:	Union catalogues
   Contributor:	L'Hégaret, Guillaume (Mitwirkender)
   Language:	English
   Media type:	Book
   Format:	Print
   Series:	Discussion papers / German Institute for Economic Research ; 393
   Subjects:	Erdgasmarkt; Erdgas; Preis; Gemeinsamer Markt; Kointegration; Schätzung; :z Geschichte 1990-2002
   Other subjects:	(stw)1990-2002; (stw)Erdgasmarkt; (stw)Erdgas; (stw)Preis; (stw)Marktintegration; (stw)Kointegration; (stw)Schätzung; (stw)EU-Staaten; (stw)Japan; (stw)Nordamerika; jel:L95; jel:D43; jel:C32; jel:Q41; Market Integration; gas markets; cointegration test; globalization; Erdgasmarkt (STW); Erdgas (STW); Preis (STW); Marktintegration (STW); Kointegration (STW); Schätzung (STW); EU-Staaten (STW); Japan (STW); Nordamerika (STW); Arbeitspapier; Graue Literatur
   Scope:	24 S., graph. Darst., 21 cm

2. European market integration for gas?

   volume flexibility and political risk
   Author: Asche, Frank; Osmundsen, Petter; Tveterås, Ragnar

   Published: 2000

   Publisher:  CESifo, München

   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... more

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   Bremen: Staats- und Universitätsbibliothek Bremen

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   Staats- und Universitätsbibliothek Bremen

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   Göttingen: Niedersächsische Staats- und Universitätsbibliothek Göttingen

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   Niedersächsische Staats- und Universitätsbibliothek Göttingen

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   Kiel: ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel

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   ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel

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   DS 63 (358)

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   Osnabrück: Universitätsbibliothek Osnabrück

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   Universitätsbibliothek Osnabrück

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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 countries, and do prices move together? Time series of Norwegian, Dutch and Russian gas export prices to Germany in 1990-1998 are examined. Cointegration tests show that the different border prices for gas to Germany move proportionally over time, indicating an integrated gas market (the Law of One Price holds). We find differences in mean prices, with Russian gas being sold at prices systematically lower than Dutch and Norwegian gas. Among the explanatory factors for price discrepancies are differences in volume flexibility (swing) and perceived political risk.

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   Source:	Union catalogues
   Language:	English
   Media type:	Book
   Format:	Online
   Other identifier:	hdl: 10419/75665
   Series:	CESifo Working Paper ; 358
   Subjects:	market integration; gas markets; cointegration test
   Scope:	Online-Ressource (23 S.)