أعرض تسجيلة المادة بشكل مبسط

dc.creator Asche, Frank
dc.creator Osmundsen, Petter
dc.creator Sandsmark, Maria
dc.date 2005
dc.date.accessioned 2013-10-16T07:01:14Z
dc.date.available 2013-10-16T07:01:14Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/18765
dc.identifier ppn:479302936
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/18765
dc.description After opening up of the Interconnector, the liberalized UK natural gas market and the regulated Continental gas markets became physically integrated. The oil-linked Continental gas price became dominant, due to both the large volume of the Continental market and to the fact that the significant call options embedded in the complex take-or-pay contracts make these contracts the marginal source of supply. However, in an interim period – after deregulation of the UK gas market (1995) and the opening up of the Interconnector (1998) – the UK gas market had neither government price regulation nor a physical Continental gas linkage. We use this period – which for natural gas markets displays an unusual combination of deregulation and autarky – as a natural experiment to explore if decoupling of natural gas prices from prices of other energy commodities, such as oil and electricity, took place. Using monthly price data, we find a highly integrated market where wholesale demand seems to be for energy rather than a specific energy source.
dc.language eng
dc.publisher
dc.relation CESifo working papers 1401
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject Q48
dc.subject C32
dc.subject L90
dc.subject L10
dc.subject ddc:330
dc.subject energy markets
dc.subject price interlinkages
dc.subject cointegration analysis
dc.subject Erdgas
dc.subject Preis
dc.subject Erdölpreis
dc.subject Internationaler Preiszusammenhang
dc.subject Schätzung
dc.subject Grossbritannien
dc.title Is it all oil?
dc.type doc-type:workingPaper


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أعرض تسجيلة المادة بشكل مبسط